Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
powered by
VIDEOS
July 11, 2018 02:14 PM | Business

Commodity Corner: Short on copper and aluminum, says Emirates NBD Securities

Dharmesh Bhatia, commodities market manager at Emirates NBD Securities, said he would go short on copper and aluminum as both the counters look extremely weak.

In an interview to CNBC-TV18's Manisha Gupta, Bhatia said, "For base metal pack, I am still expecting the market to go further down. I am expecting 4-5 percent from the current levels or though rupee is depreciating domestically, but prices international has really corrected very sharply."

Bhatia expects copper price to go below Rs 400 in the coming weak and for traders, he is telling them to go short.

According to Bhatia, aluminum is the most hot commodity.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV