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Nov 29, 2012, 12.30 PM IST | Source: CNBC-TV18

Commodity corner: Experts tips to trade gold, copper, crude

Sreekanth Jha of PJ Commodity Ventures recommends buying gold on MCX at Rs 31,600 per 10 grams for upside targets of Rs 32,400 per 10 grams.

Sreekanth Jha of PJ Commodity Ventures recommends buying gold on MCX at Rs 31,600 per 10 grams for upside targets of Rs 32,400 per 10 grams.

Hitesh Jain of India Infoline Link advocates selling crude MCX December contract at Rs 4,840 per barrel. "Maintain a stop loss for this trade at Rs 4,885 per barrel for target of Rs 4,775 per barrel," Jain adds.

Also Read: Brent may touch $105-115 in near term: HIS Global

Ashish Kyal of Waves Strategy Advisors advises selling crude on MCX on rallies up to Rs 4,860 per barrel. "Place a stop loss for this trade at Rs 4,900 per barrel for target of Rs 4,780 per barrel," Kyal said.

Ram Pitre of ITI suggests buying copper at Rs 428-430 per kilogram levels. Pitre adds, "Keep a stop loss for this trade at Rs 427 per kilogram for upside targets of Rs 433-435 per kilogram."

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