"We would recommend selling gold contract on MCX because of the appreciation of the rupee. The selling can be initiated at around Rs 30,280-30,300 per 10gm with targets on the downside at around Rs 30,120 per 10gm and a stop loss at Rs 30,400 per 10gm", he adds.
Mathur also recommends selling crude at Rs 5,220 per barrel with a stop loss at Rs 5,260 per barrel and a target of Rs 5,160 per barrel.
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