Friday, 23 October 2015

Downtrend In Indian Agri Commodities Likely To Be Limited


Some panic prevailed in the Futures market for Agri commodities in view of the recent steps taken by the Govt to control price rise. This kept the uptrend limited as moderate corrections got noted for most counters over last few days. Short term further fall in rates could be possible as profit booking too sets in at the higher levels after the recent strong upsurge in prices. But with overall Fundamentals still Bullish with low production, falling stocks and rising Festive season demand, market sources feel the downtrend could well be limited and temporary only.

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