Published on Tue, Jan 10, 2012 at 09:23 | Source : CNBC-TV18
Updated at Tue, Jan 10, 2012 at 17:59
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Commodity Bets: All that glitters is Black Gold
Ashish Shah of Sushil Global Commodities advises traders to put money on MCX Crude for trade today. He suggests going long on dips to Rs 5250 with a stop below Rs 5198 and target of Rs 5330-5350.
Ashish Shah of Sushil Global Commodities advises traders to put money on MCX Crude for trade today. He suggests going long on dips to Rs 5250 with a stop below Rs 5198 and target of Rs 5330-5350.
Shreekant Jha, managing director, PJ Commodity Ventures is pessimist on Silver. He recommends traders to sell white metal on a break of Rs 52000 with target of Rs 51000, 50000 & eventually 49000.
Sumeet Bagadia, head of Commodity and Currency research, Destimoney Commodities is also bearish on Bullion. Traders can sell yellow metal around Rs 27750-27800 with stop loss of Rs 28000 and target of Rs 27200 & 27500
Tarang Bhanushali, AVP Research -India Infoline shares same view with Ashish Shah on black gold. Traders can buy MCX Crude around Rs 5300-5315 with target of Rs 5380 and stop loss of Rs 5280.
