Commodity Bets: Trading tips for lead, silver and crude

Renisha Chainani of Edelweiss Financial Services Ltd advises buying lead MCX February futures above Rs 129 with stop loss at Rs 127 and target of Rs 131-133.

Dipen Shah of Stayvan.com advocates selling crude MCX on rise up to Rs 5,200 per barrel. "Maintain stop loss for this trade at Rs 5,225 per barrel with initial target of Rs 5,125 per barrel and Rs 5,120 per barrel", he adds. Ram Pitre of Anand Rathi Commodities recommends buying lead MCX February futures at Rs 128.75-129 levels. Pitre says, "Keep a stop loss for this trade at Rs 128 for a target of Rs 131.50-132." Hitesh Jain of India Infoline Link suggests buying silver MCX March futures at Rs 58,800 per kilogram (Kg) for a target of Rs 59,600 per Kg and a stop loss at Rs 58,430 per Kg.