Commodity bets: Trading tips for gold, zinc & copper

Sugandha Sachdeva of Religare Commodities recommends buying gold at Rs 29,550 per 10gm with stop loss of Rs 29,300 per 10gm on downside because prices are poised to move towards Rs 29,800-29,850 per 10gm.

Ravindra Rao of Motilal Oswal advocates buying zinc at Rs 106 per kilogram with stop loss of Rs 105 per kilogram because prices might go to Rs 110 per kilogram. Biz of MCX continues to be good for long term: Sekhar Hitesh Jain of IIFL advises selling copper. Jain says, "On MCX today we would prefer to sell copper April contract at Rs 428 per kilogram with target of Rs 423 per kilogram and stop loss of Rs 431.5 per kilogram." Sreekanth Jha of PJ Commodity Ventures suggests selling gold at Rs 29500 per 10gm and cover at Rs 29,300 per 10gm.