Commodity view by Bhavik Patel of Tradebulls Securities: Buy Gold, Copper

Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities

Indian rupee continued to ignore higher consumer price index (CPI) based inflation while remaining upbeat on Indian Industrial Production (IIP) numbers, which rose for the first time in three months to 1.8 per cent. Some big announcement in the Budget and cool off in geopolitical crisis is keeping rupee strong. We expect the rupee to depreciate only after Budget as news are trickling in that this time the budget might be geared to kick start the economy. Tension in US and Iran has abated so emerging market currencies are rallying along with equity market as the market is in risk