Commodity bets: Buy gold & zinc; sell crude

Sugandha Sachdeva of Religare Commodities recommends buying gold at Rs 29,500-29,550 per 10gm with stop loss of Rs 29,300 per 10gm. Prices are likely to head higher towards Rs 29,900-29,950 per 10gm in the near term.

Gold may fall to $1450/oz in medium-term: Fat Prophets Renisha Chainani of Edelweiss suggests selling crude. "Sell MCX crude around Rs 5,150 per bbl with stop loss of Rs 5,220 per bbl and targets of Rs 5,050 per bbl on the lower side," Chainani adds.  Priyank Upadhyay of SSJ Finance & Securities advocates buying zinc above Rs 103.30 per kilogram with stop loss below Rs 102.30 per kilogram and targets at Rs 104.80-105 per kilogram. Dharmesh Bhatia of Kotak Commodities advises selling crude. Bagadia says, "Any rise above Rs 5,100 per bbl is a good level to short maintaining a stop loss of Rs 5,165-5,150 per bbl for a target around Rs 5,050 per bbl. One can expect the price heading towards Rs 4,950 per bbl also."