AHMEDABAD (Commodity Online): Kapas Prices at NCDEX, April contract continues up trend in today's trading sessions.
It opened at 868.90 per 20 k.g and started trading upside and made an intraday high at 896.80.
Kapas prices trading at NCDEX, April contract may touch 940 level in near term.
Technically, 14 days RSI on Daily chart at 75 indicates upside trend.
Higher volume and open interest with rising prices indicates uptrend in near term.
Kapas prices trading at NCDEX, April contract is having good support at 845 level.
‘’Traders should look for the opportunity to buy at lower levels”, said Milan Shah, Commodity Analyst with Commodity Online.
To get in touch with the Analyst on this report or to get a free trial on trading advisories call 079-40275050 or mail to tips@commodityonline.com
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