Buy gold, sell copper: Anand Rathi Commodities

Priti Gupta, Director at Anand Rathi Commodities recommends buy on gold and sell on copper.

According to Gupta, gold is moving in an extremely tight range. "We still maintain that it will be range bound particularly then capped by the currency movement on either side. For intraday we have a buy call on gold and silver both", she adds. Gupta advocates buying MCX gold April contract at Rs 29,300 per 10gm with a stop loss at Rs 29,200 per 10gm and a target of Rs 29,450 per 10gm. She also mentions, "We are bearish on copper because I think there is still a downside left there". Watch video for her bets