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Home » News » Commodities

Feb 26, 2013, 11.02 AM | 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.

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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.

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Kishore Narne (more)

Associate Director, Motilal Oswal | Capital Expertise: Commodities

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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Expect bounce back in gold; long on crude: Narne

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