Commodity bets: Sell gold, copper crude, say experts

Ravindra Rao of Motilal Oswal Commodities advises selling gold at Rs 29,200 per 10gm with stop loss of Rs 29,380 per 10g, gold prices can slide towards Rs 28,700-28,600 per 10gm.

Sell MCX Gold June Fut at Rs 28040: Fortune Financial

Hitesh Jain of IIFL recommends selling copper April contract around Rs 405 per kilogram with target of Rs 398 per kilogram and stop loss of Rs 409 per kilogram.

Dipen Shah of Stayvan.com suggests selling crude as crude is facing a lot of downward pressure and Rs 5000 per barrel would act a strong resistance. "Any rise around Rs 5,000 per barrel should be sold in crude on MCX with strict stop loss of Rs 5,050 per barrel and expect Rs 4,900-4,880 per barrel on the lower side," Shah adds.

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