Monday, 21 May 2012

Ncdex Futures Tips

Buy Kapas futures trading Apr 2012 (NCDEX) for a focus on of Rs980 : 21 May

Export of 5,000 bales of Assam Comilla Natural organic cotton will be free from any trade limitations during the present organic cotton period (up to 30.09.2012) topic to signing up with DGFT. Registration Document for such exports will be legitimate for 30 days only.

A delegation made up of associates from the Bangladesh Govt is in Indian to talk about the latest ban on organic cotton exports charged by Indian. Bangladesh is determined by Indian for about 40 45 percent of its organic cotton specifications.

Indian may offer organic cotton to Bangladesh through a contract contract between the Natural organic cotton Organization of Indian and its version in Dhaka after issues were brought up by a viewing formal delegation over the present limitations on exports. Bangladesh emphasised that they would require continuous trade of at least 15 lakh bales every period. In this respect, both factors would hold further conversations before end of May.

In a bid to increase private financial commitment in the fabric industry, the Maharashtra government will provide 10 % financial commitment subsidy and up to 12.5 % interest subsidy for tasks attached to the Textile Upgradation Finance Program (TUFS).

Routes have dropped at the identify marketplaces.

Overall arrivals from 1st Oct. to Twenty fifth April dropped by 9% to 25 thousand bales of 170 kgs each as when in comparison to last period arrivals to 27.5 thousand bales during the corresponding period as revealed by the Natural organic cotton Organization of Indian.

Natural organic cotton planting is likely to start in overdue Apr or 1st week of May 2012. However, lower area is predicted to cover under Natural organic cotton plants due to growing feedback costs.

CCI has started to buy Kapas in the budget of Rs.3200 to 3800 from Amravati industry (Maharashtra) and Rs. 4000 to 4300 from Fajilka industry (Gujarat) while at MSP of Rs. 3300 in Andhra Pradesh where prices have dropped to MSP.

Recommendation: Traders are recommended to take essential positional Buy call in Kapas futures trading Apr 2012 (NCDEX) at rate, for focus on of 980 with a ending stop-loss below of 770 levels.

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