Amar Singh, Head Business Development & Research for Commodities & Currencies, Aditya Birla Group recommends buying gold and copper from a short-term perspective.
According to Singh, gold has seen some upside over past couple of days and the level of USD 1,770-1,780 is acting as a strong resistance. "On MCX one can buy gold around Rs 29,150 with a stop loss below Rs 29,050 targeting Rs 29,350," he added. Base metals, crude and bullion have risen substantially on the back of liquiduty being injecting by central banks in the global markets and China cutting its CRR. This has helped copper so he advices buiyng around Rs 403-404 levels with a stop loss below Rs 400 and target Rs 410-411. Below is the edited transcript of SinghDiscover 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!
