AHMEDABAD (Commodity Online): After witnessing some selling pressure in last few consecutive trading sessions, Kapas Prices at NCDEX, April contract trades up in today's trading session.
It opened at 884.50 per 20 k.g and started trading upside and made an intraday high at 908.70.
Technically, 14 days RSI on Daily chart at 50 indicates some upside in near term.
Kapas prices trading at NCDEX, April contract is having good support at 845 level.
‘’Positional traders should buy only above 950 level”, said Milan Shah, Commodity Analyst with Commodity Online.
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