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Jul 12, 2012, 08.23 AM IST
Naveen Mathur of Angel Broking recommends buying MCX August contract for the gold in the range of Rs 29,500-29,550 per 10 grams with a stop loss at around Rs 29,400 per 10 grams for target on the upside in the range of Rs 29,740-Rs 29,750 per 10 grams levels for the day.
Shreekant Jha of PJ Commodity Ventures reckons that yesterday crude went up to Rs 4,800 per barrel levels thereby giving an entry at the levels that he had estimated. So, keeping the same strategy in mind he advises selling crude at Rs 4,800 per barrel and cover it at about Rs 4,600 per barrel. Ram Pitre of ITI advocates buying copper on MCX at Rs 423 per kilogram with a stop loss of Rs 421 per kilogram for a target price of Rs 426 and Rs 428 per kilogram. Ravindra Rao of Motilal Oswal expects base metal prices to move lower again. So, he suggests selling copper on rise towards Rs 428 per kilogram with the stop loss of Rs 432 per kilogram for the target of Rs 420 per kilogram.
Tags: CNBC-TV18, Bazaar, Commodity Bets, Naveen Mathur, gold, MCX, Shreekant Jha, crude, Ram Pitre, copper, Ravindra Rao
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