HomeNewsBusinessMarketsCommodity bets: Buy crude; sell copper, silver, natural gas

Commodity bets: Buy crude; sell copper, silver, natural gas

Commodity experts are not so upbeat on copper, silver and natural gas. However, they expect crude to touch Rs 5,720 per bbl, hence suggest buying it.

June 25, 2013 / 11:59 IST
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Priyank Upadhya of SSJ Finance and Securities suggests selling copper around Rs 402 per kilogram with a stop loss above Rs 406 per kilogram and targets around Rs 392-390 per kilogram.

Also Read: Oil set for further declines after 'Black Thursday' Renisha Chainani of Edelweiss advocates selling silver at Rs 41,000 per kilogram to Rs 41,200 per kilogram with a stop loss of Rs 41,600 per kilogram and targets of Rs 40,000 per kilogram on the lower side. Dipen Shah of Stayvan.com advises buying crude on dips around Rs 5,600 per barrel with stop loss of Rs 5,550 per bbl and expect Rs 5,700-5,720 per bbl on higher side. Hitesh Jain of IIFL recommends selling natural gas around Rs 225 per kilogram on MCX for target of Rs 218 per kilogram and stop loss of Rs 229 per kilogram.
first published: Jun 25, 2013 11:36 am

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