Moneycontrol

Chat Transcript

  • Ashish Shah

    Nov,16,2015, 14:00 hrs

    Commodity Guide

    Ashish Shah , Head Commodities, Sushil Finance

  • guest: Will gold get past 27000 in a month

  • Ashish Shah:

    Gold is unlikely to show a huge rally in the near term. A short covering rally could be expected till 26000 so long as it holds above 25200.

  • guest: Gold will come down to 24000

  • Ashish Shah:

    Expecting a sharp selloff only if its closes below 25200. In that case 24000 looks possible. Suitable stop loss is advised.

  • guest: What should we do in gold sell or buy at 25700 ?

  • Ashish Shah:

    For intraday, you can sell on rallies to 25650 with s/l above 25750 for target of Rs.25400

  • guest: badly stuck in crude @2970 buy what to do sir

  • Ashish Shah:

    You can keep a stop loss below 2600 and wait for a rally to 2900.

  • guest: What is gold tgt on dec end

  • Ashish Shah:

    Gold is likely to remain in the range of Rs.25000 to Rs.26000.

  • guest: Gold and naturalgas ka outlook kaisa hai

  • Ashish Shah:

    Natural gas could turn sharply bullish on a daily close above 162 for target of Rs.168 and 174. Suitable stop loss is advised for the trade.

  • guest: Sir what is the trend for zinc and lead.

  • Ashish Shah:

    Trend for base metals appears to be weak on the back of China`s growth concerns. Recommending sell in zinc on rallies with s/l of 107.5 for target of Rs.102. Recommend sell in lead on rallies with s/l above 108 for target of Rs.101.

  • guest: Crude oil outlook?

  • Ashish Shah:

    Crude oil prices are likely to remain under pressure on the back of global supply glut. It is expected to come down to 2600. Recommend selling on rallies to Rs.2770 with s/l above Rs.2830 for target of Rs.2600.

  • guest: Will the down trend in silver stop in one week ? What is the reason for down trend in gold & silver ?

  • Ashish Shah:

    Trend in Gold and silver prices is likely to remain down for more time on the back of possibility of US interest rate hike on the near term.

  • parekhyashesh: Dear sir,i have a buy position in gold at 26800 ....do u think i should hold or add position at cmp or reverse my position...plz sugest

  • Ashish Shah:

    You can average Gold`s Long position around 25400 and put s/l below 25200 and exit position around 26000.

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