SENSEX NIFTY
Feb 26, 2013, 11.05 AM IST | Source: CNBC-TV18

Commodity Bets: Buy bullion; sell copper & natural gas

Sumeet Bagadia of Destimoney Commodities advises buying MCX gold at Rs 29,550 per 10gm. He says, "Place a stop loss at Rs 29,400 per 10gm on the lower side for an upside target of Rs 29,700 per 10gm. If prices are able to break and give close to Rs 29,700 per 10gm then further upside rally can be seen till Rs 29,800 per 10gm in next one-two days".

Dharmesh Bhatia of Kotak Commodities suggests selling MCX natural gas at Rs 185-188. "Maintain a stop loss of Rs 189 and target of Rs 177-175 on the downside", he adds.

Dipen Shah of stayvan.com recommends buying MCX silver . Shah further mentions, "As long as Rs 53,000 per kilogram is not broken on the lower side on MCX, we could buy silver with a stop loss at Rs 52,800 per kilogram for a target of Rs 53,800-53,900 per kilogram on the higher side".

Sumeet Bagadia of Destimoney Commodities advises buying MCX gold at Rs 29,550 per 10gm. He says, "Place a stop loss at Rs 29,400 per 10gm on the lower side for an upside target of Rs 29,700 per 10gm. If prices are able to break and give close to Rs 29,700 per 10gm then further upside rally can be seen till Rs 29,800 per 10gm in next one-two days".

N Prasad of Safetrade Advisors advocates selling MCX copper February contract around Rs 421.80 per kilogram with a stop loss at Rs 425 per kilogram and a target of Rs 416 per kilogram.

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