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Chat Transcript
28 Jun 2012 - 14:00hrs hrs
CP Krishnan | Whole Time Director
Get a technical check on commodities
Chat Transcript
| abhaybharti11: hello sir i wanna buy crude nd silver nd what level i will buy this |
| CP Krishnan: On a shot term outlook crude looks week. But a full European Union cruse embargo of Iranian crude on July 1 probably creates bullish sentiments in oil prices. Dips to 4500-400 would be an ideal level to enter longs in crude oil. In silver even the trend looks week a mild recovery in expected. Hence you can enter longs near 51000 with a SL below 49000. |
| rohitsahasrabud: hello sir at what price i should buy gold |
| CP Krishnan: In terms of spot gold we can enter longs near to 1560-52/1525 regions. At the same time in MCX 28800 will be a good level for taking long positions for a target of 31000/33500 with SL below 27000. |
| arahan168: whats your view on Lead and Nickel in July. I am long Lead July @ 103 & Nickel @ 950. |
| CP Krishnan: Most of all the base metals are trading with negative sentiments. Nickel is likely to be congested inside 923-988 regions on a shot, but either the side breakout would suggest fresh directional moves. Nickel you can hold with a SL below 920. In Lead the trend looks week but 99 is a key support, hence you can hold same with SL below the same. |
| abhipunjabi: Good Afternoon sir. I have bought Silver August contract @ 54240 and Gold August Contract @ 29950. Would appreciate if you could advise me to hold on to these positions and TGT also please from a short to medium term outlook. Thanking you in advance. |
| CP Krishnan: You can hold Silver with a SL placed either below 53600 or 53200 levels. Prices have potential to turn higher but ensure strict SL. Gold is positive in domestic market but seems consolidating in international. Here you can hold gold but ensure a stop loss below 29860/29760 levels. As long as prices stay above the same have likely to edge higher again. |
| rohitsahasrabud: i want to buy egold at what price i should buy? |
| CP Krishnan: Broad out look of gold seem positive so you can buy e-gold on every dips. |
| venugopalraju20: silver buy at 53100 what is stoploss |
| CP Krishnan: On a shot term 52350, but for a medium term place SL below 51000. |
| nadeemfarooq: Kindly advice about MCX gold august lot bt at 30250 |
| CP Krishnan: your entry is bit high, so if possible, average your position on dips to 29700-600 regions. You should exit positions once prices cleared 29500. |
| hari_m007: What is good level of buy in Crude, Silver and Gold?? |
| CP Krishnan: Crude dips to 4500-400 levels. Silver near 52200-350 regions. Gold near 29700-500 regions. |
| rohitsahasrabud: i want to short natural gas at 160.50 for 26july 2012 contract.but i have no position whether i should short or not? |
| CP Krishnan: Yes. you can place orders for short positions. |
| arahan168: what is the call for next month in base metals - long or short? |
| CP Krishnan: Lingering economic crisis in Euro zone, contracting global manufacturing figures, concerns over US economic recovery pulled down base metal prices to negative territory. Base metals remain trade with weak bias except copper. |
