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Commodity Corner: Experts see bull run in gold & silver

Sreekanth Jha of PJ Commodity Ventures recommends buying gold on MCX at Rs 32,000 per 10 grams for upside target of Rs 32,600 per 10 grams.

November 27, 2012 / 12:04 IST
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Sreekanth Jha of PJ Commodity Ventures recommends buying gold on MCX at Rs 32,000 per 10 grams for upside target of Rs 32,600 per 10 grams.

Ram Pitre of ITI advises buying silver on MCX at Rs 63,800-64,000 per kilogram. Pitre adds, "Place a stop loss for this trade at Rs 63,300 per kilogram for targets of Rs 64,800-65,000 per kilogram on the higher side." Also Read: Gold must cross $1,800 soon or face a steep fall: Chart Ashish Kyal of Waves Strategy Advisors suggests selling crude on MCX on rallies to Rs 4,930 per barrel. Kyal says, "Keep a stop loss for this trade at Rs 4,960 per barrel for target of Rs 4,880 per barrel for this trade." Hitesh Jain of India Infoline Link advocates selling copper MCX November contract at Rs 434 per kilogram. "Maintain a stop loss for this trade at Rs 437 per kilogram for target of Rs 429 per kilogram," Jain adds.
first published: Nov 27, 2012 11:31 am

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