Potato Weak in NCDEX Futures

Prices of sugar free potato were down in Delhi on steady to weak demand these days.

“Potato is expected to remain weak in short run as selling activity is running on less than regular demand in spot market. Technically selling is expected to continue in potato in futures also,” said Anil Patadia, commodity analyst with Commodity Online.

Potato June contract opened at Rs. 522.2 on MCX per quintal. It traded weak hitting lower limit of 4% during trading session on selling sentiments.

“One can sell Potato June contract near 500 for short term profit, while long term investors should wait till 450 for fresh buying,” Patadia added.

This entry was posted in Commodities, Futures, India, National Commodity and Derivative Exchange, NCDEX, Potato, Trading and tagged , , . Bookmark the permalink.

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