HomeNewsBusinessMarketsBuy crude, silver; sell gold: Experts

Buy crude, silver; sell gold: Experts

Renisha Chainani of Edelweiss suggests buying crude above Rs 5,120 April contract with stop loss of Rs 5,085 and target to be Rs 5,170 and Rs 5,190 on the higher side.

March 18, 2013 / 11:58 IST
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Renisha Chainani of Edelweiss suggests buying crude above Rs 5,120 April contract with stop loss of Rs 5,085 and target to be Rs 5,170 and Rs 5,190 on the higher side.

How to trade gold, silver & crude now: Experts tip Sumeet Bagadia of Destimoney Commodities recommends buying zinc. "One can initiate long position in zinc at Rs 104.80 per kilogram with stop loss to be maintained at Rs 104 per kilogram on lower side for the initial target of Rs 106 per kilogram and if prices are able to break and give close above Rs 106 per kilogram then further upside rally can be seen till Rs 108 per kilogram in next one-two days." Sreekanth Jha of PJ Commodity Ventures advices selling gold at Rs 29,500 per 10gm for a target of Rs 29,000 per 10gm would be the way to trade on the short side. N Prasad of Safetrade Advisors advocates buying silver MCX May contract around Rs 54,300 per kilogram with a stop loss of Rs 53,900 per kilogram for target of Rs 54,750 per kilogram.
first published: Mar 18, 2013 11:58 am

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