May 02, 2012, 09.39 AM IST
Ram Pitre of ITI feels that the oil market has found equilibrium right now trading in the range between USD 100.68-105.45 per barrel in international market. He thinks that either side break will give a clear trend.
Priyank Upadhya of SSJ Finance and Securities advises selling MCX silver July contract around Rs 58,200 per kilogram with a stop loss above Rs 58,800 per kilogram and for targets of around Rs 57,000 per kilogram.
Dipen Shah of stayvan.com feels that since the PMI numbers from the US were strong, there could be some bout of profit booking in gold prices. Hence with an intraday view, he suggests shorting MCX gold around Rs 29,170 per 10 grams with a stop loss of Rs 29.270 per 10 grams for a target of Rs 29,000 per 10 grams.
N Prasad of Safetrade Advisors recommends buying MCX copper around Rs 446 per kilogram with a stop loss of Rs 443 per kilogram for target of Rs 452 per kilogram.
Video of the day
Dec 11 2013, 09:54
- in Business
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.