Tuesday, 22 February 2011
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Cotton's unprecedented jump may just be halting
AHMEDABAD (Commodity Online): With a rise of almost 83%, Kapas investors made smart profits. But it is now due for a correction. Kapas was trading around 700 levels in December 2010 and last week it made high of 1262. Prices are expected to correct at least 38% of its recent sharp rally which gives us target of 1044. At the National Commodity and Derivatives Exchange counter, Kapas last
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