N Prasad, CEO of Safetrade Advisors advocates buying MCX silver February contract at Rs 59,300 per kilogram. Prasad adds, "Place a stop loss for this trade at Rs 58,700 per kilogram for upside target of Rs 60,000 per kilogram."
Shreekant Jha of PJ Commodity Ventures suggests buying crude on MCX at Rs 5,100 per barrel for upside target of Rs 5,200 per barrel. Ravindra Rao of Motilal Oswal Commodities recommends selling copper on MCX on rise to Rs 442 per kilogram. Rao says, "Place a stop loss for this trade at Rs 445 per kilogram for target of Rs 435 per kilogram." Dharmesh Bhatia of Kotak Commodities advises selling zinc on MCX on rises up to Rs 110-111 per kilogram. "Maintain a stop loss for this trade at Rs 112 per kilogram for target of Rs 107-106 per kilogram," Bhatia adds. Also Read: Higher gold duty won't tame current account deficit: NomuraDiscover 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!