Experts suggest trade for gold, silver & crude

Sugandha Sachdeva of Religare Commodities advises selling MCX gold April series at Rs 30,850-30,800 per 10gm. She mentions to keep a stop loss for this trade at Rs 31,000 per 10gm with an initial target of Rs 30,500 per 10gm and next target of Rs 30,200 per 10gm.

Priyank Upadhyay of SSJ Finance & Securities suggests buying MCX silver futures above Rs 58,800 per kilogram with a stop loss below Rs 58,200 per kilogram and a target of Rs 59,600-59,800 per kilogram. Sreekanth Jha of PJ Commodity Ventures Pvt Ltd advocates buying MCX crude. "At this juncture, a word of caution would be that you could keep Rs 5,050 per barrel as your stop since it came down below Rs 5,100 per barrel levels. You can look at Rs 5,200 per barrel as your exit point", he adds. Talking about MCX silver futures, Ashish Kyal of Waves Strategy Advisors Pvt Ltd says, "The trend remains negative for silver. MCX silver can be sold on rallies up to Rs 58,500 per kilogram with a stop loss at 59,000 per kilogram and a target of Rs 57,500 per kilogram".