Pick copper and dump gold: Anand Rathi Commodities

Ritesh Gandhi, Sr. Research Analyst, Commodity & Currency at Anand Rathi Commodities says that copper is poised to continue its momentum seen over the past week. Speaking to CNBC-TV18 about the commodity space, he says that copper could face pressure intraday owing to the Chinese manufacturing data and the expected US data. However, picking up the metal at every major dip is a good strategy, he says. Gandhi has a target of Rs 416-419 for the metal.