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Nov 02, 2012, 01.06 PM IST
Shreekant Jha of PJ Commodity Ventures advices selling crude on MCX at Rs 4,800 per barrel. He further adds "keep the targets for this trade at Rs 4,650 per barrel initially and Rs 4,600 per barrel after that."
Dipen Shah of Stayvan.com suggests selling gold on MCX at Rs 31,000 per 10 grams levels. Shah says, "Place a stop loss for this trade at Rs 31,050 per 10 grams for targets of Rs 30,900 per 10 grams." Also read: Precious metal may see selling pressure: Nirmal Bang Ravindra Rao of Motilal Oswal Commodities recommends selling nickel on MCX at Rs 900-905 per kilogram. Rao says, "Place a stop loss for this trade at Rs 916 per kilogram for the targets of Rs 875 per kilogram." Dharmesh Bhatia of Kotak Commodities advocates buying copper on MCX on dips upto Rs 420 per kilogram with a stop loss of Rs 417 per kilogram and targets of Rs 426-428 per kilogram.
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