HomeNewsBusinessMarketsBuy gold at Rs 28,100/oz, crude at Rs 4,910-4,920/bbl

Buy gold at Rs 28,100/oz, crude at Rs 4,910-4,920/bbl

What do four commodities expert think about trading gold, copper and crude oil from the commodity basket?

February 01, 2012 / 10:18 IST
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GOLD


Naveen Mathur of Angel Broking says the sentiments over gold in the US market remain positive. At the same time the weakness in the dollar could lead to a positive upside for gold in the Indian market. He recommends a buy on the MCX February contract of gold at Rs 28,100 with a target of Rs 28,300-28,350 and with a stop loss at Rs 27,940. COPPER
Kaushal Jaini of Dani Commodities says base metals have been consolidating for quite long. He expects this consolidation to continue in copper between Rs 420-429. On a very short trading zone, Rs 424 are the levels to go long on with a stop loss at Rs 420 and he recommends booking profits at Rs 428-429.
Sumeet Bagadia of Destimoney Commodities says base metals saw a pullback rally yesterday. But he doesn
first published: Feb 1, 2012 09:22 am

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