Dipen Shah of Stayvan.com suggests buying gold. He said a fall in gold prices on MCX around Rs 29,250 per 10g should be used for buying with stop loss of Rs 29,100 per 10g. One can then expect Rs 29,450-29,500 per 10g on the higher side, Shah adds.
Sell Gold for target of Rs 29200-29000: Nirmal Bang Hitesh Jain of India Infoline advises selling crude around Rs 5,310 per bbl with target of Rs 5,260 per bbl and stop loss of Rs 5,340 per bbl. Sreekanth Jha of PJ Commodity Ventures recommends selling silver at Rs 52,000 per kilogram for target of Rs 51,000 per kilogram. Sumeet Bagadia of Destimoney Commodities advocates selling natural gas. Bagadia says, "Anytime rise in prices till Rs 218 per kilogram or Rs 220 per kilogram in MCX should be used as selling opportunity. Stop loss to be placed at Rs 222 per kilogram on higher side for initial target of Rs 214 per kilogram and if prices are able to break and give close below Rs 214 per kilogram then further selloff can be seen till Rs 210 per kilogram in next two-three days."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!
