SENSEX NIFTY
Apr 04, 2012, 09.34 AM IST | Source: CNBC-TV18

Commodity Bets: Get tips on crude, gold, silver

NS Ramaswamy, head commodities at Ventura Securities recommends a buy on silver in the range of Rs 56,700-56,800 per kilogram. “The targets for silver would be 57,250 per kilogram and beyond that Rs 57,550 per kilogram. This could be with a stop loss close to Rs 56,500 per kilogram,” he adds.

NS Ramaswamy, head commodities at Ventura Securities recommends a buy on silver in the range of Rs 56,700-56,800 per kilogram. “The targets for silver would be 57,250 per kilogram and beyond that Rs 57,550 per kilogram. This could be with a stop loss close to Rs 56,500 per kilogram,” he adds.

Priyank Upadhyay of SSJ Finance & Securities sees crude oil in the range of Rs 5,200 per barrel on the downside and Rs 5,400 per barrel on the upside. He suggests selling on rallies around Rs 5,380-5,400 per barrel with a stop loss above Rs 5,450 per barrel with a target of around Rs 5,300-5,250 per barrel.

N Prasad, CEO of Safetrade Advisors advises buying MCX gold contract around Rs 28,400 per 10 grams with a stop loss of Rs 28,300 per 10 grams for target of Rs 28,550 per 10 grams.

Ashish Kyal, head of research at CommTrendz feels that copper has been forming higher high and higher low formations over the past few days. According to him, this is a classic example of an uptrend. “As long as such pattern is intact, we are bullish on copper. Copper can be bought on dips till Rs 436 per kilogram levels with Rs 433 per kilogram as a stop loss and a target of around Rs 443 per kilogram,” he says.

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