Commodity Bets: Sell crude, lead; buy silver, say experts

Priyank Upadhyay of SSJ Finance & Securities recommends buying silver on dips around Rs 43,200 per kilogram to Rs 43,000 per kilogram with stop loss below Rs 42,700 per kilogram and a pullback rally is expected towards Rs 43,800 per kilogram followed by Rs 44,200 per kilogram.

Weaker equities may increase demand for Gold, Silver: Angel Sumeet Bagadia of Destimoney Commodities suggests selling lead. "Rise in prices till Rs 119 per kilogram in MCX should be used as selling opportunity with a stop loss to be placed at Rs 121 per kilogram on higher side for initial target of Rs 116 per kilogram and if prices are able to break and close below Rs 116 per kilogram then further selloff can be seen till Rs 114 per kilogram in next one-two days," Bagadia adds. Hitesh Jain of IIFL advocates selling natural gas at Rs 236 per kilogram with target of Rs 230 per kilogram and stop loss of Rs 240 per kilogram. Sreekant Jha of PJ Commodity Ventures suggests selling crude. Jha says, "Stay short on crude and look for targets of Rs 5,150 per barrel and Rs 5,100 per barrel today."