Cotton Futures Edge Higher On Improved Demand - Equity Trading Tips

Cotton futures edged higher on MCX due to improved demand from traders and stockists at the spot market. Besides, concern over the yield of cotton in the country also fuelled the uptrend. The contract for October delivery was trading at Rs 18450.00, up by 0.54% or Rs 100.00 from its previous closing of Rs 18350.00. The open interest of the contract stood at 2214 lots.

The contract for November delivery was trading at Rs 17900.00, up by 0.45% or Rs 80.00 from its previous closing of Rs 17820.00. The open interest of the contract stood at 882 lots on MCX.

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