Muhurat Trading 2018: Eying balanced portfolio? You may invest in these top 5 commodity picks
Muhurat Trading 2018: Those who understand the markets better always suggest to have a diverse portfolio.
Muhurat Trading 2018: On the auspicious occasion of Diwali, you may have decided to make some investment during Muhurat Trading today. The Diwali Muhurat trading will start at 5:00 pm and the trading session will close at 6:30 pm. On the other hand, you may have been cautious while making any investment decision seeing the volatility markets are undergoing.
Those who understand the markets better always suggest to have a diverse portfolio. A balanced portfolio not only absorbs the volatility shocks but also gives a better return over the time. One step you can take to keep your portfolio diverse is to invest in commodities. In the year 2018, some commodities including Gold have even performed better than equity.
"From Januar 2018 to till date, Gold gave 10% return as compared to equity. Commodity investment should be a part of one's portfolio to balance it at the time of fall in the equity market," said Anuj Gupta, Deputy Vice President - Research (Commodities and Currencies), Angel Broking Limited to ZeeBiz.com.
While you must have had pre-determined ideas for investing in particular stocks, you may also take a look at these five commodity picks suggested by Anuj Gupta. These have the potential to yield better returns for the investors. Check out what Gupta has to say about these commodities:
Gold: The yellow metal may go up next year. We are recommending to buy Gold around 30500 to 31000 and the target is 35000 to 37000 levels in one year.
Copper: We are recommending to buy Copper around 435 to 440 Levels and the target is 500 to 520.
Cotton: Based on the low production of the cotton crop, we are expecting that cotton price may rise in the coming year. We are recommending to buy Cotton for the target of 24,000 to 25,000 levels.
Watch This Zee Businee Video
Guarseed: The low crop yield, lower acreage and strong export demand of Guargum may support the prices of Guar. We are recommending to buy Guarseed for the target of 5500 to 6000 levels.
Crude oil: Higher US inventory may pressurize the crude prices. we are expecting that crude oil prices again may correct towards 4,200 to 4,400 levels and $45 to $50 of WTI crude oil prices.