HomeNewsBusinessMarketsCommodity Bets: Buy gold, crude; sell copper, lead

Commodity Bets: Buy gold, crude; sell copper, lead

N Prasad of Safetrade Advisors advises buying MCX gold February contract at Rs 30,720 per 10 grams. Prasad says, "Place a stop loss for this trade at Rs 30,600 per 10 grams for upside target of Rs 30,900 per 10 grams."

January 21, 2013 / 13:48 IST
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N Prasad of Safetrade Advisors advises buying MCX gold February contract at Rs 30,720 per 10 grams. Prasad says, "Place a stop loss for this trade at Rs 30,600 per 10 grams for upside target of Rs 30,900 per 10 grams."

Shreekant Jha of PJ Commodity Ventures recommends buying crude on MCX at Rs 5,100 per barrel levels for upside target of Rs 5,200 per barrel. Ravindra Rao of Motilal Oswal Commodities advocates selling copper on MCX on rises up to Rs 442 per kilogram. "Maintain a stop loss for this trade at Rs 445 per kilogram for target of Rs 436-435," Rao adds. Dharmesh Bhatia of Kotak Commodities suggests selling lead on MCX all rises for targets of Rs 121-120 per kilogram. Must Read: Sell safe havens, buy risky commodities: Motilal Oswal
first published: Jan 21, 2013 11:32 am

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