06 JULY 2012Moneycontrol.com
Good time to buy Aluminium: Destimoney Commodities
Edited by : AL CIRCLE
1 min read
Kunal Shah of Nirmal Bang Commodities advises going long on MCX natural gas futures at Rs 161 per MMBTU with a stop loss to be placed below Rs 156 per MMBTU. He reckons that prices would move up and test levels of Rs 168 per MMBTU on MCX.
Sumeet Bagadia of Destimoney Commodities feels that Aluminium is good to buy and dips in prices till Rs 106 per kilogram or Rs 105.70 per kilogram should be used as buying opportunity with a stop loss to be placed at Rs 104.90 per kilogram levels for the upside target of Rs 107.50 per kilogram and above that Rs 108 per kilogram.
Sumeet Bagadia of Destimoney Commodities feels that Aluminium is good to buy and dips in prices till Rs 106 per kilogram or Rs 105.70 per kilogram should be used as buying opportunity with a stop loss to be placed at Rs 104.90 per kilogram levels for the upside target of Rs 107.50 per kilogram and above that Rs 108 per kilogram.
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