HomeNewsBusinessMarketsBull run to continue in gold, crude, copper, say experts

Bull run to continue in gold, crude, copper, say experts

N Prasad, CEO of Safetrade Advisors advocates buying MCX gold February contract at Rs 30,700 per 10 grams. "Keep a stop loss for this trade at Rs 30,650 per 10 grams for target of Rs 30,870 per 10 grams on higher side," Prasad adds.

January 23, 2013 / 12:43 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

N Prasad, CEO of Safetrade Advisors advocates buying MCX gold February contract at Rs 30,700 per 10 grams. "Keep a stop loss for this trade at Rs 30,650 per 10 grams for target of Rs 30,870 per 10 grams on higher side," Prasad adds.

Shreekant Jha of PJ Commodity Ventures suggests buying crude on MCX at Rs 5,150 per barrel levels for upside target of Rs 5,250 per barrel. Dharmesh Bhatia of Kotak Commodities advises buying copper on MCX at Rs 107-108 per kilogram. "Place a stop loss for this trade at Rs 106 per kilogram for upside target of Rs 110-111 per kilogram," Bhatia adds. Ravindra Rao of Motilal Oswal Commodities recommends selling nickel on MCX on rises to Rs 940-942 per kilogram. Rao says, "Maintain a stop loss for this trade at Rs 954 per kilogram for target of Rs 924 per kilogram and beyond that to Rs 920 per kilogram." Don't Miss: Venturas commodity outlook for 2013
first published: Jan 23, 2013 12:14 pm

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!