Goldennifty says:
It’s all about the metals today in the commodity space. Here are top expert’s picks for trade today.
Silver:
T Gnanasekar, director of Comm Trendz Research and Fund Management believes that MCX silver on any dips to Rs 52,200 per kg can be bought with a stop at Rs 51,700 and target of Rs 53,500 per kg.
Gold:
N Ramaswamy of Ventura Securities recommends selling MCX gold February contract at Rs 27,920 per 10 gm, with a stop loss of Rs 28,000 per 10 gm. His target is Rs 27700-27,750.
Copper:http://www.goldennifty.com
Ram Pitre, head of research at ITI Limited advices traders to sell copper between Rs 402-403.50 per kg. He maintains a stop loss of Rs 406 for a target of Rs 395.50-398 per kg.
On the other hand, Kaushal Jaini, assistant vice president of Dani Commodities recommends going long on copper, but only if it goes above Rs 403-404 levels. His target is Rs 408-410 per kg with a stop loss at Rs 400. However, he does warn that if copper falls below Rs 396, it will fall all the way down to Rs 388 levels.http://www.goldennifty.com
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