Buy crude; sell bullion: Experts

Priyank Upadhyay of SSJ Finance & Securities advises selling MCX silver below the levels of Rs 57,700 per kilogram (Kg) with a stop loss above Rs 58,400 per Kg and target of Rs 56,800-56,500 per Kg.

Sreekanth Jha of PJ Commodity Ventures Pvt Ltd suggests buying MCX crude at Rs 5,100 per barrel with a target of around Rs 5,200 per barrel. Ashish Kyal of Waves Strategy Advisors Pvt Ltd recommends selling MCX gold April futures. He adds, "Any move in MCX gold April expiry below Rs 30,700 per 10gm can increase the selling pressure. It can be sold on move below Rs 30,700 per 10gm with a stop loss of Rs 30,850 per 10 gm and a target of around Rs 30,400 per 10gm". Sugandha Sachdeva of Religare Commodities advocates shorting MCX aluminium at levels close to Rs 112.50. "Keep a stop loss of Rs 113.50 on the higher side. One can look for targets close to Rs111", she further mentioned.