Vibhu Ratandhara is a Assistant Vice President at Bonanza Commodity Brokers. He joined Bonanza Commodity in 2005. With more than seven years of experience in the commodity sector, Ratandhara has previously worked as a commodity analyst in Modi Oil trading. Specializing in technical analysis, Ratandhara has plans to scale Bonanza to great heights. As a head of research, Vibhu has taken Bonanza`s commodity desk to great heights. Under his leadership, Bonanza today ranks amongst the top 7 commodity broking houses in the country and they plan to be amongst the top three very soon.

Yogita.khatri:042715 : Good Evening Sir� Welcome to myiris live chat... :)
vidhu.ratandhara:042755 : very Good Evening
vidhu.ratandhara:042802 :
pahal:043144 : Sir, gold is skyrocketing, what is your view on it? Any correction do you see in near future?
vidhu.ratandhara:043247 : True .. as Gold turn one of the Best Hedge against Inflation
vidhu.ratandhara:043307 : Definetly some correction expected
vidhu.ratandhara:043326 : after almost 30% gain in 2009 year to date
vidhu.ratandhara:043345 : but Long term scenario still remain Bullish
ashwini:043727 : What is your strategy on gold? Are you looking at Rs 20k per 10 gm breaching any time soon?
vidhu.ratandhara:043930 : for short term now....i dont expect as one Dip is expected ard $ 1075 - 1025
vidhu.ratandhara:043945 : but as long $ 1025 medium term support
vidhu.ratandhara:044027 : any time technical TGT $ 1335 means Indian rate around 19200-19500 (Largely depend on INR=$ rate)
vidhu.ratandhara:044101 : so by end of 2010 one can expect new High in MCX Gold also
Raj:044218 : Hi Sir whats your view for Base metals in 2010
vidhu.ratandhara:044405 : As recovery in Base metals since July 09 largely due to various Stimulas packages offered by countries
vidhu.ratandhara:044508 : So for now Unless
vidhu.ratandhara:044716 : we may see actual demand recovery, this price Rally seen overbought
vidhu.ratandhara:044754 : In short we have to wait for 1-2 more Quarters to see actual demand should pick up or not
kunder:044247 : What kinds of levels are you playing with on copper and what is your strategy?
vidhu.ratandhara:044838 : According to me the Biggest Risk for 2010 base metals outlook is any set back in Stimulas packages, Increase in Interest rates and higher Inventory
vidhu.ratandhara:045007 : Copper by year end am seeing some where between 285-330 MCX price
vidhu.ratandhara:045059 : but for 2010 same we have to wait for actual demand to b picked up, however for medium term Copper trend
vidhu.ratandhara:045149 : China China/India and Asian economical growth
vidhu.ratandhara:045441 :
vidhu.ratandhara:045506 : so i dont expect Copper MCX prices could be above 360-365/kg in short term
bhooma:045434 : Where do you see MCXCOMDEX playing throughout the year 2010?
vidhu.ratandhara:045616 : Unless close above 334 MCX Feb contract....i not recomend for buy
vidhu.ratandhara:045618 :
vidhu.ratandhara:045738 : Macro view is Bullish for MCX Comdex 2010 but only risk seen from any set back in Stimulas packages
vidhu.ratandhara:045828 : We might see a round of Sell off for MCX Comdex- with either of the above factor play its role
heena:045937 : What is the price... after that point gold can�t come down?
vidhu.ratandhara:050232 : Spot gold medium term good supports seen between $ 1025-$ 980 which also a Long term Trend line Support
vidhu.ratandhara:050337 : So as long this hold, one can expect Bull run will continue with projected TGT ard $ 1325-1350 by year 2010
vidhu.ratandhara:050442 : and am expecting anytime below $ 860 will no more be a Gold as preferred Investment tool
yogi:050034 : What your take on today`s IIP nos? how do you see the performance in the coming months?
vidhu.ratandhara:050711 : todays IIP largely not an surprise as i think market already discounts the thing....
vidhu.ratandhara:050740 : while coming months also i think good performance will continue as long Stimulas packages are in effect .....
vidhu.ratandhara:051019 : The point is what about Commodity demand after packages set back
vidhu.ratandhara:051050 : and when Interest rates will Increase
kiran:051152 : could you share your long term view on the investment opportunity that is presented by the Indian commodity markets?
vidhu.ratandhara:051348 : As we know Agri commodity and Bullion offered one of the best return in Q3-2009 and till now Q4-2009
vidhu.ratandhara:051425 : still for Q1-2010 am expecting good return will continue in Agri sector
kiran:051503 : What is influencing the success and returns of today`s commodities markets?
vidhu.ratandhara:051749 : Diversification of Investment tools
vidhu.ratandhara:051838 : and Financial crisis, i think plays important role in todays Sucess
vidhu.ratandhara:051917 : added by weakness in US dollar
vidhu.ratandhara:051926 : Index
kiran:051951 : What are the factors that affect the performance of commodity market?
vidhu.ratandhara:052529 : Commodity market largely impact by Global economy
vidhu.ratandhara:052706 : and mismatch in pure Demand
vidhu.ratandhara:052824 : on Macro view Agri commodity is place
vidhu.ratandhara:052845 :
yogita.khatri:052604 : This is the end of chat session� Thank you Sir for participating in our live chat session... Very nice to have you.. :)
yogita.khatri:052841 : We thank Mr. Ratandhara for answering all of your questions. Thank you all for participating in the live chat. We welcome you all to our future chat sessions�
vidhu.ratandhara:052944 : Thak youThat is the end of the chat session for today.
Thank you all for logging in.
Till then its bye from us.