Last week, after the sharp fall in Chinese purchases have occurred. MCX and NCDEX sugar futures are trading up about 1.5 percent. Mumbai today in the Chinese spot market prices have gone up about 80 bucks. The festival season will begin next month, which is likely to increase demand.
NCDEX Gram and Cotton Tips
Gram (August Futures): Buy - 3115, stoploss - 3100 Target - 3145
Cotton (April Futures): Buy - 703, stoploss - 698 Targets – 715
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