Wednesday 29 September,
Both physical and futures market in India have had a good run up over last 4-5 sessions. The sentiments seem to have improved quite a bit and demand has also expanded in expectations that there is a good chance, prices in October may not fall below these levels.
Based on our research, we are of opinion that even though the market prices may have climbed up, real demand will have to stay for a while for prices to sustain at these levels.
People in the markets should move ahead with caution as it may be a little early and premature to go all hunky-dory about it.
Leave a Reply