Cotton on MCX settled up by 0.48% at 18870 due to concern over loss due to heavy rains. Moreover, as per farm ministry, incidents of pink boll-worm attacks have been reported in many parts of key cotton growing areas in south India and Gujarat. However, good progress in cotton sowing in the country capped further gain. As per latest data from Agricultural Ministry, cotton is planted in 114.3 lakh hectares (l ha) till last week, higher 18.2% compared to last year acreage 96.5 lakh ha for same period.

Trading Ideas:

* Cotton trading range for the day is 18643-19003.

* Cotton prices ended with gains due to concern over loss due to heavy rains.

* Moreover, as per farm ministry, incidents of pink boll-worm attacks have been reported in many parts of key cotton growing areas in south India and Gujarat.

* As per latest data from Agricultural Ministry, cotton is planted in 114.3 lakh hectares (l ha) till last week, higher 18.2%.

* Cotton prices in spot market gained by 10.00 rupees and settled at 20440.00 rupees.

Indian Stock Market Tips>> Click Here>> http://www.ripplesadvisory.com/services.php.