Monday, 13 February 2012

Intraday Commodity Trading Tips

Cotton steady to weak in west India Saturday on limited demand and normal arrivals.
Total arrivals in country stood at 205,000 bales.
Gujarat, new A grade S-6 cotton traded at Rs 36,100- 36,300 per candy and B grade cotton at Rs 35,600-35,900 per candy. Prices of V-797 cotton grade A remained at Rs 26,400-27,400 while grade B offered at Rs 26,100- 26,600 a candy.
In Maharashtra average new cotton quoted at Rs 33,900-34,400 per candy and A grade cotton 29+ MM quoted at 34,600-35,500 per candy.
In Madhya Pradesh, average new cotton quoted at Rs 33,900-34,300 per candy and A grade cotton 29+ MM quoted at 34,800-35,500 per candy.
Chilli futures dropped to lower circuit, tracking weakness in spot rates, which were pressured by increase in supply across major trading centers. Spot rates fell by Rs 110- Rs 130 per quintal while arrivals increased to about 80,000 bags at Guntur market.
Inflow of jeera crop declined to about 3,000-3,500 bags while trades increased to Rs 5,000 bags at auctions held at Unjha market. Spot rates for exchange quality crop was offered in the range of Rs 143- Rs 145 per kg, as per trade reports.

Spot rates of pepper garbled increased to Rs 314 per kg and that of un-garbled was up at Rs 297 per kg. Arrivals increased to 12.5 tons & trades too were up at 51.5 tons were reported at Kochi market, as per IPSTA.

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