Trading tips for crude, silver & nickel

Shreekant Jha, Managing Director of PJ Commodity Ventures feel that crude is just hanging in and around that Rs 5,000 per barrel level, not really moving up or coming down but at the same time it has given an entry of the levels that you are talking of that is to buy crude at the Rs 5,000 per kilogram levels. He hopes to see Rs 5,100-5,150 per barrel levels today and advises exiting at those levels. He says, "Remain long on crude and look to exit around the Rs 5,100-5,150 per barrel levels."

Sumeet Bagadia of Destimoney Commodities expects silver prices to move up and touch levels of around Rs 54,100 per kilogram in next two-three days. He further adds, "Anytime dips in prices till Rs 53,000-52,800 per kilogram should be used as buying opportunities with a stop loss to be placed at Rs 52,500 per kilogram on downside for the upside target of Rs 53,600 per kilogram and above that Rs 54,100 per kilogram in next two-three days." Rajini Panicker of MF Global Commodities recommends a short term trading call in the July nickel on MCX. She advocates taking a long at a very strong support for the day at about Rs 877 per kilogram with a strict stop loss at Rs 867 per kilogram for a target of Rs 900 per kilogram. Ram Pitre, Head research at ITI Limited suggests buying nickel in domestic markets at Rs 880-885 per kilogram with a stop loss of Rs 873 per kilogram for a target price of Rs 890-895 per kilogram.