Whenever I see the moves of cotton, I remind one thing what Warren said, “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
Now, I don’t think I need to explain more about cotton. On last week cotton had gained 470 rupees, and yesterday it earned 140 points, so I should recommend to intraday trader to go with it for 16426-16474 levels. Lion heart traders can hold until cotton break 16540 levels.
INTRADAY TARGETS: 564-567
SHORT TERM TARGETS: 573+
STOPLOSS: YESTERDAY LOW FOR FREE READERS
FOR DAY TRADERS TARGETS: 658-644
SHORT TERM INVESTORS MAY UNTIL IT BREAK 621 LEVELS.
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