Commodity bets: Trading tips for copper, zinc, silver

Rajini Panicker, MF Global Commodities India asks investors to go long on Copper MCX November at levels of Rs 428-429. She also advises to place a stop loss around Rs 427 and look for target levels of Rs 435-437.

Ashish Kyal, Waves Strategy Advisors suggests a buy on Crude MCX. It has been moving within the range of Rs 5290-5420 over the past few days after a good rally. Accordign to him, as long as Rs 5290 holds, price can bounce back from here. NYMEX Crude has an important support of USD 94. MCX Crude can be bought on move above Rs 5330 with a stop loss of Rs 5290 and target of Rs 5400.

Sumeet Bagadia of Destimoney Commodities advises intraday moves on zinc and is expecting Zinc prices to move up and touch levels of Rs 105.70. For intraday, one can go long at around Rs 103.50 with a stop loss of Rs 102.50 on downside and upside target of Rs 104.70 and above that Rs 105.70.

Dipen Shah of Stayvan.com said silver is expected to see some profit booking as it is reaching an over extended price period. Today we could expect some kind of profit booking that would come in. So traders can specifically short silver at Rs 62000 with a stop loss of Rs 62150 and target of Rs 61800 on lower side.