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Commodity bets: Sell gold, lead & nickel

Shreekanth Jha of PJ Commodity Ventures advices selling gold MCX at Rs 31000 per 10 gram. Jha’s target is at Rs 30800 per 10 gram.

January 08, 2013 / 11:01 IST
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Shreekanth Jha of PJ Commodity Ventures advices selling gold MCX at Rs 31000 per 10 gram. Jha's target is at Rs 30800 per 10 gram.

Also read: Gold seen falling from 3-week high this week Dipen Shah of Stayvan.com recommends selling lead on MCX at Rs 128 per kilogram. "Place a stop loss for this at Rs 130 per kilogram for a target of Rs 125-124 per kilogram," Shah says. Sumeet Bagadia of Destimoney Commodities advocates selling nickel on MCX at Rs 960 per kilogram. "Maintain a stop loss for this trade at Rs 970 for initial target of Rs 948 per kilogram and the next target at Rs 930 per kilogram," Bagadia adds. Dharmesh Bhatia of Kotak Commodities suggests buying zinc on MCX at Rs 110-111 per kilogram. Bhatia adds, "Maintain a stop loss for this trade at Rs 109 per kilogram for target at Rs 113-114 per kilogram."
first published: Jan 8, 2013 10:51 am

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