Tag Archives: Sugandha Sachdeva

Commodity bets: Buy crude, copper & gold; sell lead

17 Jun

Renisha Chainani of Edelweiss suggests buying crude at Rs 5,600 per bbl with stop loss of Rs 5,550 per bbl and targets at Rs 5,670 per bbl and Rs 5,680 per bbl on higher side.

Sugandha Sachdeva of Religare Commodities advises buying copper at Rs 406 per kilogram, keeping stop loss at Rs 403 per kilogram and prices likely to edge higher at Rs 415 per kilogram.

Dharmesh Bhatia of Kotak Commodities advocates buying gold at Rs 27,700 per 10gm maintaining stop loss at Rs 27,500 per 10gm and hold for target of Rs 28,250 to Rs 28,350 per 10gm.

Sumeet Bagadia of Destimoney Commodities recommends selling lead. “Rise in prices till Rs 121 or Rs 122 per kilogram in MCX should be used as selling opportunity with stop loss to be placed at Rs 124 per kilogram on higher side for initial target of Rs 119 per kilogram and prices are able to break and give close below Rs 119 per kilogram then further selloff can be seen till Rs 117 per kilogram in two-three days,” Bagadia adds.

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Trading tips for crude, silver & copper

20 May

Ram Pitre of Anand Rathi Commodities recommends selling crude between Rs 5,360 per barrel and Rs 5,370 per bbl with stop loss of Rs 5,400 per bbl for target price of Rs 5,250 per bbl.

Don’t see gold touching $1,100/oz by year-end: UBS

Renisha Chainani of Edelweiss advises selling silver at MCX around Rs 42,700 per kilogram with stop loss of Rs 43,100 per kilogram for target of Rs 42,000 per kilogram on the lower side.

Sugandha Sachdeva of Religare Commodities advocates buying natural gas. “We would recommend buy on dips close to Rs 221 per kilogram to Rs 222 per kilogram with stop loss of Rs 217 per kilogram and prices are likely to show an upside up to a level of Rs 228 to Rs 232 per kilogram,” Sachdeva adds.

Dharmesh Bhatia of Kotak Commodities suggests selling copper at Rs 405 per kilogram maintaining a stop loss of Rs 409 per kilogram and hold short for major support of Rs 395-391 per kilogram on downside.

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