Sugandha Sachdeva of Religare Commodities recommends buying crude MCX April contract at level close to Rs 5,120 per barrel to Rs 5,125 per barrel with stop loss at Rs 5,080 per barrel and targets at Rs 5,175-5,190 per barrel.
Gold has been destroyed as a safe-haven asset: Soros Renisha Chainani of Edelweiss suggests selling nickel around Rs 890 per kilogram with stop loss at Rs 900 per kilogram and targets at Rs 875-870 per kilogram on the lower side. Also Read: FY13 commodity turnover falls for 1st time since inception Dharmesh Bhatia of Kotak Commodities advocates selling copper. "Any speculative rise around Rs 411 per kilogram is a good level to short maintaining a stop loss of Rs 414 per kilogram and hold short for a target of around Rs 404-400 per kilogram level," Bhatia adds. Priyank Upadhyay of SSJ Finance & Securities advises buying silver around Rs 51,100 per kilogram with a stop loss below Rs 50,700 per kilogram and expect pullback towards Rs 51,800-52,000 per kilogram.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!