Short term trend likely to remain volatile for Indian agri markets as some prospects of rains in coming week could limit any one sided upside movement for the prices.
An overall recovery was noted for most Agri counters on Thursday as rise in domestic and export demand at these low rates amidst falling stocks kept supporting the prices. Market sentiments turn slight firm as traders expect these low rates to be unsustainable in the medium term.
New crop arrivals in coming weeks may however limit the uptrend. There had been slight improvement in sowing area but poor rains in January kept apprehensions of lower productivity for the standing crops.
MCX NCDEX Tips :
SELL SILVER,SILVERM, 37950 TARGET 37680 STOPLOSS 38100
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