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Commodity bets: Buy gold & silver, sell crude

Dharmesh Bhatia of Kotak Commodities suggests buying MCX gold around Rs 26,900 per 10gm with a stop loss at Rs 26,800 per 10gm and a target of Rs 27,350-27,500 per 10gm.

May 07, 2013 / 12:11 IST
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Dharmesh Bhatia of Kotak Commodities suggests buying MCX gold around Rs 26,900 per 10gm with a stop loss at Rs 26,800 per 10gm and a target of Rs 27,350-27,500 per 10gm.

Sumeet Bagadia of Destimoney Commodities advocates buying MCX zinc on dips around Rs 101 per kilogram levels. Bagadia says, "Keep a stop loss for this trade at Rs 99 per kilogram for a target of Rs 103-104.50 per kilogram". Shreekanth Jha of PJ Commodity Ventures advises selling MCX crude around Rs 5,250 per barrel with a stop loss above Rs 5,300 per barrel for a target of Rs 5,150 per barrel. Renisha Chainani of Edelweiss recommends buying MCX silver with a stop loss at Rs 45,200 per kilogram and a target price of Rs 46,000 per kilogram.
first published: May 7, 2013 12:11 pm

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