Trading strategies on bullion, copper, crude by experts

Ram Pitre of Anand Rathi Commodities suggests buying gold in domestic market at around Rs 29,450-29,475 per 10gm range with a stop loss of Rs 29,375 per 10gm. He suggests an initial target of Rs 29,575 per 10gm followed by Rs 29,640 per 10gm.

Talking about base metals, he said that, "In domestic market because of the rupee appreciation, copper has fallen back to almost Rs 412 per kilogram level". He suggests a sell on rally in copper at around Rs 415-416 per kilogram level with a stop loss of around Rs 421 per kilogram. Copper may see Rs 410-413 per kilogram kind of levels in coming days. Renisha Chainani of Edelweiss recommends buy on MCX gold at Rs 29,500 per 10gm with a stop loss at Rs 29,300 per 10gm and a target of Rs 29,700-29,800 per 10gm. Sumeet Bagadia of Destimoney Commodities advises buy on dips on MCX aluminium upto Rs 103.70 per kilogram levels with a stop loss at Rs 102.50 per kilogram and a target of Rs 105-106.50 per kilogram. N Prasad of Safetrade Advisors advocates buy on MCX silver at Rs 54,200 per kilogram. He adds, "Keep a stop loss at Rs 53,800 per kilogram and a target of Rs 54,900 per kilogram". Sreekanth Jha of PJ Commodity Ventures proposes sell on crude at Rs 5150 per barrel with a target of Rs 5,050 per barrel.