Crude & silver better options than gold today: Experts
Published on Mon, Feb 06, 2012 at 09:16 | Source : CNBC-TV18
Updated at Mon, Feb 06, 2012 at 12:22
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Crude & silver better options than gold today: Experts
There's a lot happening on the commodity front. Sanctions on Iran and uprisings in Egypt is said to have an effect on oil prices while a bettering US economy might diminsh the uptake of gold. Check out what experts have to say on commodity trades for today!
There's a lot happening on the commodity front. Sanctions on Iran and uprisings in Egypt is said to have an effect on oil prices while a bettering US economy might diminsh the uptake of gold.
Check out what experts have to say on commodity trades for today!
On Crude
NS Ramaswamy of Ventura Securities has a buy on crude MCX Feb series. He suggests buying with a target of Rs 4805 and Rs 4830 with stop loss at Rs 4740.
However, N Prasad, CEO of Safetrade Advisors has a buy for the same at Rs 4750. According to him, a stop loss is triggered at Rs 4700. "Investors can aim for a target of Rs 4820," he says.
Reena Walia, senior research analyst of international commodities at Angel Broking recommends a sell in MCX Silver March contract around Rs 56400. "Keep a stop loss of Rs 56855 and a target of Rs 55450 for the day," she says.
"Growth in US is much better than expected and that has dampened expectations of a QE," says Ram Pitre, head-research, ITI Limited. He suggests a sell on gold on domestic market between Rs 27950 and Rs 28000, stop loss of Rs 28100 and target of Rs 27800-27650.
