MCX NCDEX Kapas Outlook and Reports

Yesterday, Kapas (March) contract closed at 853.39 and Kapas (April) contract closed at 867.68. For Today, traders are advised to buy Kapas (Mar) for long-term with stop loss placed at 760.79 and Sell for short-term with stop loss placed at 857.64. And buy Kapas (Apr) for long-term with strict stop loss placed at 763.01 and can also buy for short-term with stop loss placed at 865.72.

Technical Levels:
Kapas March, '12-
Resistance: 881.94 - 870.18.
Support1- 824.84 - 836.60.

Kapas April, '12-
Resistance2- 899.12 - 886.17.
Support1- 836.26 - 849.21.