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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.
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