How to trade gold, silver & crude now: Experts tip

Dharmesh Bhatia of Kotak Commodities suggests selling MCX gold at Rs 29,475-29,500 per 10gm with a stop loss for this trade at Rs 29,575-29,595 per 10gm for a target of Rs 29,300-29,142 per 10gm on the downside.

Dipen Shah of Stayvan.com recommends buying MCX silver on dips to Rs 54,200-54,300 per kilogram. "Maintain a stop loss for this trade at Rs 53,700 per kilogram for a target of Rs 54,900-55,000 per kilogram on the higher side", Shah adds. Priyank Upadhyay of SSJ Finance & Securities advocates selling MCX copper below Rs 424 per kilogram levels. Upadhyay says, "Keep a stop loss for this trade above Rs 428 per kilogram and a target of Rs 418-415 per kilogram". Hitesh Jain of IIFL advises shorting MCX crude at Rs 5,050 per barrel with a target of Rs 4,960 per barrel and a stop loss at Rs 5,085 per barrel.