Feb 26, 2013 11:02 AM IST | Source: CNBC-TV18

Expect bounce back in gold; long on crude: Narne

Kishore Narne of Motilal Oswal Commodity Broker said that after the uncertainty created by Italian elections, gold and silver should have decent bounce back from the current levels.

Kishore Narne, Associate Director, Head - Commodity & Currency at Motilal Oswal Commodity Broker Pvt Ltd said that after the uncertainty created by Italian elections, gold and silver should have a decent bounce back from the current levels.

Narne suggests buying gold for targets close to Rs 29,800-29,850 per 10gm with stop loss of Rs 29,480 per 10gm.

He also advises buying crude around Rs 5,050 per barrel with a stop loss of Rs 5,020 per barrel and target of Rs 5,100 per barrel for the day.

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