Tapan Patel of LKP Securities discusses with Manisha Gupta the current trend in commodities markets.
Tapan said that crude oil prices are trading little bit higher. He believes that the major factor for this bullishness is supply crunch from Venezuela and Iran deal that market is expecting in May.
He said, "We can see some offside in oil prices and at MCX we can see buying level from Rs 4,540 towards a target of Rs 4,610."
He also spoke at length about copper, aluminium, and nickel.Disclaimer:
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