Expert advise: Sell crude and copper, hold gold

Ashish Kyal of CommTrendz advises selling crude on rallies till Rs 5,300-5,320 per barrel with a stop loss of Rs 5,400 per barrel and a target of Rs 5,100 per barrel.

Shreekant Jha of PJ Commodity Ventures feels that nothing much has happened in gold. So he suggests holding long positions. He thinks that a break of Rs 29,300 per 10 grams would probably see it gain more momentum which has not yet happened but at the same time it’s not showing any sign of weakness. So he advises staying with long positions, hang on to it and wait and watch how the markets unfold in the next couple of days. Sumeet Bagadia of Destimoney Commodities recommends selling copper at Rs 445-446 per kilogram with a stop loss at 450 for a downside target of Rs 438 per kilogram and below that Rs 432 per kilogram in next couple of days.