Today Kapas future on NCDEX (National commodity derivative exchange) and MCX (Multi commodity exchange) cotton future are trading on positive mode. Currently Indian Industry expected improves medium cotton demand from domestic industries.
Shankar kapas on NCDEX are exhibiting positive mode, kapas lower demand followed by higher supply and production estimates.
NCDEX Shankar kapas future on trading prices 6.5 Rs up with 850.5 Rs on Wednesday Feb contract, kapas overall support levels 830 Rs and good resistance levels 860 Rs.
The Cotton Association of India according the data, cotton output in the country is expected to around 355 lakh bales in 2012-13.
Natural gas on Multi commodity exchange negative mode, Natural gas Jan contract 1.60 Rs down on trading prices 187.30 Rs.
MCX Natural gas future on trading prices 1.5 Rs down at 1881 Rs on Wednesday Feb contract.