Commodity bets: Trading tips for copper, lead, crude
NS Ramaswamy, head of commodities at Ventura Securities asks investors to buy COPPER MCX NOV at a Stop Loss of Rs 432; he recommends a buy in the range of Rs 434-436 with the target of Rs 442-445.
October 15, 2012 / 02:14 PM IST
NS Ramaswamy, head of commodities at Ventura Securities asks investors to buy copper MCX Nov at a stop loss of Rs 432 per kilogram. He recommends to buy in the range of Rs 434-436 per kilogram with the target of Rs 442-445 per kilogram.
Sumeet Bagadia Work Head - Commodities & Currency Research at Destimoney Commodities says, "We are expecting lead prices to move down" and thus lead MCX should be sold at at Rs 115-116 kilogram with a stop loss to be placed at Rs 119 kilogram on a higher side. "For a down side target of Rs. 112-109 kilogram," he adds.
Hitesh Jain Research Analyst at IIFL prefers to sell crude MCX Oct at Rs 4,880 per barrel with a target of Rs 4,800 per barrel and a stop loss at Rs 4,935 per barrel.
Dharmesh Bhatia the Associate Vice President at Kotak Commodities says "After a steep fall I am expecting, crude price to bounce back." He advises that crude MCX can be bought at Rs 4,800 per barrel with a stop loss at Rs 4,750 per barrel and target of Rs 4,900-4,950 per barrel