Buy gold on dips with target of Rs 29,800/10gm: CommTrendz

T Gnanshekar, Director at CommTrendz Research & Fund Management shares his views on gold and copper.

He says, "In spite of all the negative factors, gold is finding some support, maybe physical support I would say. On the back of that, some buying is emerging". "I would like to buy gold on dips, Rs 29,250 per 10gm would be a good level to buy with a short-term target of Rs 29,700-29,800 per 10gm levels", he further adds. Gnanshekar also advocates buying MCX copper April contract on dips up to Rs 424 per kilogram with a stop loss at Rs 421 per kilogram and a target of Rs 429-430 per kilogram. Watch video for his bets