MCX Cotton under fresh selling Support seen at 19106.6

India, Nov. 11 -- Technically Cotton market is under fresh selling as market has witnessed gain in open interest by 5. 64% to settled at 2040 while prices down 190 rupees.

Now MCX Cotton is getting support at 19106.6 and below same could see a test of 18993.3 level and resistance is now likely to be seen at 19366.6 a move above could see prices testing 19513.3.Cotton on MCX settled down 0.98% at 19220 due to improved sowing higher imports and weak international prices.India's cotton production in 2019-20 marketing season (Oct-Sep) is seen at 354.50 lakh bales of 170 kg each up from 312 lakh bales a year ago Cotton Association of India (CAI) said.International Cotton Advisory Board projected the world production at 26.7 MMT 4% higher agains...