Kishore Narne of Motilal Oswal Commodity Broker suggests to sell gold on rallies towards Rs 30,150 per 10gm with a stop loss at Rs 30,250 per 10gm and a target of Rs 30,000-29,900 per 10gm.
While talking about crude, he says, "There is no catalyst at this point of time which can push up crude prices. So, any breakdown below Rs 5,160 per barrel could cause a major fall in crude. I suggest to sell crude on break below Rs 5,160 per barrel. Stop loss will be around Rs 5,200 per barrel and intraday target could be close to Rs 5,080 per barrel but positionally one can look at levels of Rs 5,000 per barrel also on the crude". Watch video for his bets.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
