Published on Tue, Feb 09, 2010 at 14:46 | Source : CNBC-TV18
Updated at Tue, Feb 09, 2010 at 15:03
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Sell copper with a target of Rs 295/kg: Paradigm
Biren Vakil of Paradigm Commodity Advisors says copper is a sell for him. He says that the short-term target for copper is Rs 295 and on London Metal Exchange (LME) it is USD 5,800.
Biren Vakil of Paradigm Commodity Advisors speaks about his strategy on copper. He says copper is a sell for him. "Market probably has digested the European news," he says adding that two potential time-bombs, which is Dubai crisis and Commonwealth of Independent States (CIS), still exist.
Giving out his targets for copper, Vakil says, short-term target for copper is Rs 295 and on London Metal Exchange (LME) it is USD 5,800. However, he adds, for medium term he is very bearish on copper.
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Biren Vakil of Paradigm Commodity Advisors speaks about his strategy on copper. He says copper is a sell for him. "Market probably has digested the European news," he says adding that two potential time-bombs, which is Dubai crisis and Commonwealth of Independent States (CIS), still exist. 
