Experts recommend to sell gold & crude

Sumeet Bagadia of Destimoney Commodities suggests selling copper with a stop loss at Rs 450 per kilogram on higher side for initial target of Rs 438 per kilogram.

Hitesh Jain of IIFL advises a sell on gold April contract. Jain says, "We would prefer to sell gold April contract around Rs 30,900 per 10 gram with a target of Rs 30,650 per 10 gram and a stop loss of Rs 31,050 per 10 gram." Enter Gold above Rs 30750; target Rs 30900: Nirmal Bang N Prasad of Safetrade Advisors advocates selling February crude oil contract around Rs 5,150 per bbl with a stop loss of Rs 5,175 per bbl for a target of Rs 5,080 per bbl. Dharmesh Bhatia of Kotak Commodities recommends a buy on copper. "Any decline below Rs 441 per kilogram is a good level to accumulate maintaining a stop loss of Rs 436-437 per kilogram. Hold long for a target of Rs 448-450 per kilogram," Bhatia adds.