HomeNewsBusinessMarketsExpert tips to trade copper, gold & zinc

Expert tips to trade copper, gold & zinc

NS Ramaswamy, Head Commodities, Ventura Securities recommends copper MCX Nov to be bought at Rs 433-435 per kilogram with a stop loss of Rs 431 per kilogram and can look out for the target of Rs 438-442 per kilogram.

October 16, 2012 / 11:52 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

NS Ramaswamy, Head Commodities, Ventura Securities recommends copper MCX Nov to be bought at Rs 433-435 per kilogram with a stop loss of Rs 431 per kilogram. "You can look out for the target of Rs 438-442 per kilogram," he adds.

Also read: MCX GOLD Feb'13 contract trades lower Sumeet Bagadia, Head - Commodities & Currencies Research, Destimoney Commodities is bullish on gold. So after a correction one should start initiating long portions at around present levels on dips up to Rs 31,000 per 10 grams. "Put a stop loss at Rs 30,800 per 10 grams for the upside target of Rs 31,250 per 10 gram and above that Rs 31,400 per 10 gram for the next couple of days," he advises. Hitesh Jain, Research Analyst, IIFL says one would prefer to buy natural gases MCX at Rs 185 per mmbtu with a stop loss of Rs 182 per mmbtu and target of Rs 192 per mmbtu. Dharmesh Bhatia, Associate Vice President - Research at Kotak Commodities says any speculation rise above Rs 102 per kilogram for zinc MCX is a good level to sell with stop loss of Rs 103 per kilogram and target of Rs 98 per kilogram
first published: Oct 16, 2012 11:36 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!