Cotton on MCX settled up by 2.23% at 19260 on lower arrivals amid demand hope. Prices of cotton were also high on hope of improvement in demand as investors are waiting for fresh arrivals in the market. Maharashtra, the second largest producer of cotton reported arrivals of 700 bales compared to 600 bales on the previous day. Other states such as Andhra Pradesh, Telangana and Karnataka received 200 bales each on Monday while arrivals in Madhya Pradesh were 400 bales.

Trading Ideas:

* Cotton trading range for the day is 18673-19673.

* Cotton prices ended with gains on lower arrivals amid demand hope.

* Prices of cotton were also high on hope of improvement in demand as investors are waiting for fresh arrivals in the market.

* Currently, the export demand for cotton is sluggish in the physical market and is expected to pick-up in the month of November.

* Cotton prices in spot market dropped by 80.00 rupees and settled at 20310.00 rupees.

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