Commodity bets: Trading tip for gold & silver

Shreekanth Jha of PJ Commodity Ventures advises selling gold on MCX at Rs 31,100 per 10 grams. Jha’s target for this trade is at Rs 30,850 per 10 grams.

Also read: MCX GOLD February contract trades lower Dharmesh Bhatia of Kotak Commodities recommends a buy on silver MCX at Rs 58,000 per kilogram. Bhatia says, "Place the stop loss for this trade at Rs 57,350-57,400 per kilogram with an initial target of Rs 59,000 per kilogram and Rs 60,000 per kilogram after that". Sumeet Bagadia of Destimoney Commodities advocates selling copper on MCX at Rs 450-451 per kilogram. "Place the stop loss at Rs 455 per kilogram with an initial target of Rs 445 per kilogram and next target at Rs 440 per kilogram," he adds. Dipen Shah of Stayvan.com suggests selling natural gas on MCX at Rs 180 per mmbtu with a stop loss at Rs 182 per mmbtu and a target of Rs 176-175 per mmbtu.