Sugandha Sachdeva of Religare Commodities suggests going short on zinc MCX April series at levels of around Rs 104.5 per kilogram, keeping a stop in place at Rs 106 per kilogram and prices are likely to drift lower towards Rs 101.6-101.8 per kilogram in near term.
Copper can move up till Rs 420-425: Sharekhan Dharmesh Bhatia of Kotak Commodities recommends buying copper. "Any decline below Rs 406 per kilogram is a good level to accumulate maintaining a stop loss of Rs 403 and hold long for the target of around Rs 414-415 per kilogram on higher side," Bhatia adds. Priyank Upadhyay of SSJ Finance & Securities advocates buying aluminium around Rs 103 per kilogram with stop loss below Rs 102 per kilogram and we expect targets around Rs 105 per kilogram.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
