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Last Updated : January 04, 2012 16:07:46

Kapas likely to trade up in near term

Read more : kapas,cotton,ncdex

AHMEDABAD (Commodity Online): Kapas Prices at NCDEX,  April contract  saw some profit booking at higher levels in today's trading session.


Kapas prices trading at NCDEX, April contract is having a support of 820 from current levels.


Over all trend is looking in upside and likely to continue uptrend in near term.


It is likely to touch 940 levels in near term if uptrend continues.


It saw buying sentiments with good volume in last couple of trading sessions which indicates upside trend in near term.


‘’Traders should 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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MCX COPPER MINI 29 June 2012 contract was trading at Rs 403.85 , up Rs. 5.25 . What's your view on it?
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