Priyank Upadhyay of SSJ Finance & Securities recommends selling copper around Rs 398 per kilogram with stop loss above Rs 402 per kilogram and target around Rs 390-387 per kilogram.
Tough to dampen gold demand with curbs on supply: WGC Hitesh Jain of IIFL advises selling natural gas around Rs 216 per kilogram with target of Rs 211 per kilogram and stop loss of Rs 219.30 per kilogram. Sugandha Sachdeva of Religare Commodities suggests selling crude. "Our stance would be to go for short positions on higher levels close to Rs 5,190-5,200 per bbl mark, keeping a stop in place at Rs 5,250 per bbl mark and prices are likely to trade lower towards Rs 5,120 per bbl to Rs 5,100 per bbl in near term," Sachdeva adds. Sreekanth Jha of PJ Commodity Ventures advocates selling gold around Rs 26,000 per 10gm and cover around Rs 25,500 per 10gm. Jha says, "If one has short position then hold on to that and look at Rs 25,500 per 10gm as a target. Therefore, remain short on gold and cover it only when it reaches Rs 25,500 per 10gm."Discover 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!
