Commodity bets: Trading tips for gold, silver & crude

Sreekanth Jha of PJ Commodity Ventures advocates selling gold at Rs 30,200 per 10gm for target of Rs 30,000 per 10gm.

Gold drops near 6-month low on economic optimism Ram Pitre of Anand Rathi Commodities suggests selling silver MCX between Rs 56,500 per kilogram and Rs 56,600 per kilogram with stop loss of Rs 56,850 per kilogram for target of Rs 56,150 per kilogram and Rs 55,700 per kilogram. Signs of rough weather ahead for Indian economy: Moses Priyank Upadhya of SSJ Finance and Securities recommends selling crude at Rs 5,260-5,270 per bbl with stop loss above Rs 5,300 per bbl and target of Rs 5,180 per bbl.     Hitesh Jain of IIFL recommends buying gold. Jain says, "We would prefer to buy gold April contract around Rs 30,000 per 10gm with a target of Rs 30,220 per 10gm and stop loss of Rs 29,880 per 10gm."