Prathamesh Mallya of Angel Commodities discusses with Manisha Gupta the current trend in commodities markets.
They have a sell trade today in almost all the counters after a positive momentum build up because of geo-political tensions between US and Syria. Investors should start taking profit, situation seems to be easing out.
As geopolitical tension easing out time being so there is little bit of correction in gold as well as silver.
Prathamesh Mallya’s commodity strategies are
Sell crude at Rs 4,370, with a stop loss of Rs 4,445, target of Rs 4,250.
Sell gold at Rs 31,060, with a stop loss of Rs 31,180, target of Rs 30,850
Sell silver at Rs 38,800, with a stop loss of Rs 39,250, target of Rs 38,200.