India: Cotton Seed down on thin trading

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Cotton Seed fall today on account of thin trading in the market.

Price of Cotton Seed has been rising for last few days on account of destruction of Cotton Seed in Ludhiana, Punjab.

“Technically, Cotton Seed may fall further on low demand, one should make sell position around 1060 with stop-loss of 1080 and a target of 1030 in next few days,” said Sudarshan Goel, Commodity Analyst with Commodity Online.

“Fundamentally, Cotton Seed may go down in next couple of days, one can make short positions for safe intraday,” said Goel.

08 June, 2010 by admin

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