HomeNewsBusinessMarketsCommodity bets: Sell gold, crude, aluminium

Commodity bets: Sell gold, crude, aluminium

Sreekanth Jha of PJ Commodity Ventures recommends selling MCX gold at Rs 26,000 per 10gm with a target of Rs 25,000 per 10gm.

April 16, 2013 / 11:31 IST
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Sreekanth Jha of PJ Commodity Ventures recommends selling MCX gold at Rs 26,000 per 10gm with a target of Rs 25,000 per 10gm.

Hitesh Jain of IIFL suggests selling MCX crude April futures. He says, "Sell crude at Rs 4,840 per barrel. Place a stop loss at Rs 4,885 per barrel with a target of Rs 4,760 per barrel". Dharmesh Bhatia of Kotak Commodities advocates selling MCX aluminium April contract at Rs 102 per kilogram. For this trade, he suggests a stop loss at Rs 105 per kilogram and a target of Rs 98-95 per kilogram. Ravindra Rao of Motilal Oswal Commodities advises buying MCX natural gas on dips upto Rs 228 per kilogram with a stop loss at Rs 224 per kilogram and a target of Rs 236-240 per kilogram.
first published: Apr 16, 2013 11:31 am

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