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Commodity bets: Trading tips for gold, crude, zinc & copper

Renisha Chainani of Edelweiss suggests buying gold on MCX at Rs 31,200 per 10 grams levels. Chainani says, "Place a stop loss for this trade at Rs 31,150 per 10 grams for targets of Rs 30,400 per 10 grams."

November 09, 2012 / 11:44 IST
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Renisha Chainani of Edelweiss suggests buying gold on MCX at Rs 31,200 per 10 grams levels. Chainani says, "Place a stop loss for this trade at Rs 31,150 per 10 grams for targets of Rs 30,400 per 10 grams."

Ashish Shah of Sushil Global Commodities advocates buying zinc on MCX. He says "keep the stop loss at Rs 102 per kilogram for the target of Rs 108-107 per kilogram."

Also read: MCX GOLDPTLDEL December contract rises

Priyank Upadhyay of SSJ Finance & Securities advices buying crude on MCX at Rs 4,610 per barrel. He further adds "keep the stop loss for this trade below Rs 4,570 per barrel for the target of Rs 4,680 per barrel."

Hitesh Jain of IIFL suggess selling copper on MCX at Rs 418 per kilogram. He asks to place the stop loss at Rs 422 per kilogram for target of Rs 412 per kilogram.

first published: Nov 9, 2012 11:15 am

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