The daily arrival of cotton in the markets has increased fivefold to 100,000 bales (each weighing 170 kg) from the historical average of 20,000 bales a day in May.
Tech View: Nifty forms hammer candle, monthly support at 23,100 reaffirms strength. How to trade tomorrow
The hammer candlestick pattern indicates strong buying interest at lower levels, pointing to potential bullish momentum. The index held its key monthly support at 23,100,