In an interview with CNBC-TV18, T Gnanasekar, Director at Commtrendz Research & Fund Management suggests selling gold on rallies up to Rs 30,600-30,650 per 10gm with stop loss for this trade at Rs 30,800 per 10 gm and target at around Rs 30,350 per 10gm.
He further advises buying crude on dips up to Rs 5,195 per barrel with a stop loss at Rs 5,155 per barrel and target of Rs 5,295 per barrel. Talking about silver, Gnanasekar said, “There is gold-silver play happening now where gold is being sold and silver is being bought. So silver is a good buy even from current levels and any dips closer to Rs 57,500-57,600 per kilogram (Kg) will see targets of Rs 59,500-60,000 per Kg”. Watch video for his betsDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
