Futures improved with steep gains on the forward cottonseed oilcake market on Monday amid tight supply position, dealers said. The March vaida opened unchanged at Rs 427.50, which proved to be day's lowest at the same level. In the process of trading, it gained Rs 2.50 to be day's best at Rs 430.00 and market settled at the same level. The next vaida commenced with 50 paisa loss at Rs 430.00. During the day, it posted fresh gain of Rs 1.60 to be day's highest at Rs 431.60. In the process of trading it lost Rs 2.10 to be day's bottom at Rs 429.50 and closing was seen at Rs 431.20.

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MARCH VAIDA

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Last closing      Rs 427.50

Monday's opening  Rs 427.50

Highest           Rs 430.00

Lowest            Rs 427.50

Closing           Rs 430.00

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MAY VAIDA

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Last closing      Rs 430.50

Monday's opening  Rs 430.00

Highest           Rs 431.60

Lowest            Rs 429.50

Closing           Rs 431.20

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