Are crude, silver, gold good commodity bets today?

The commodity basket has witnessed a lot of volatility over the last few weeks. With talks emerging of some form of infusion of money into the system to ease global pressures, gold might witness a resurgence in the medium-term. The fall in the rupee has also spooked investors to move into commodities, viewing it as a safe haven for now.

CNBC-TV18 spoke to four commodity experts to find out what their trading strategy is on select commodities like gold, silver, crude oil and base metals. CRUDE
Naveen Mathur, Associate Director, Commodities & Currencies at Angel Broking says that for the commodity space today, the intraday strategy would be to sell the crude oil December contract on the MCX at Rs 5,050-5,060 with a stop loss around Rs 5,120 and a target on the downside around Rs 4,900-4,910. SILVER
NS Ramaswamy, Head of Commodities at Ventura Securities suggests that the silver MCX December contract is a buy in the range of Rs 55,800-56,000 with a stop loss of Rs 55,500. He further adds that one could expect a target of Rs 56,900-57,000 on account of the rupee further depreciating and the economic European debt crisis woes which continue to rise. BASE METALS
Ashish Shah of Sushil Global Commodities is hopeful that Chinese demand for base metals is likely to revive in this coming quarter or probably the beginning of next year which may prove positive for base metals. He thinks lead and zinc both continue to be a good buy with a target of Rs 108.50 on lead and Rs 102.50 on zinc maintaining a stop loss below Rs 99.50 in zinc and Rs 104.20 in lead. GOLD
Sumeet Bagadia, Head of Commodity and Currency Research at Destimoney Commodities sees good momentum in gold. He expects gold prices to slide and expects it to touch Rs 28,200 and Rs 27,800 in the next couple of days. Any rise in prices till Rs 28,700-28,800 in gold would be a very good sell with a stop loss of about Rs 29,100. On the downside, his target is Rs 28,200-27,800.