Renisha Chainani of Edelweiss suggests selling crude around Rs 4,850 per barrel with stop loss of Rs 4,910 per barrel and target of Rs 4,770 per barrel and Rs 4,750 per barrel on the lower side.
Global economic worries led commodities fall: Sarah Hewin Sumeet Bagadia of Destimoney Commodities recommends buying zinc. "Anytime dips in prices till Rs 100 per kilogram or Rs 100.50 per kilogram levels on MCX should be used as buying opportunity with stop loss at Rs 99 per kilogram on lower side for initial target of Rs 102.50 per kilogram and if prices are able to break and give close above Rs 102.50 per kilogram then further upside can be seen till Rs 104 per kilogram in next two-three days," Bagadia adds Ram Pitre of Anand Rathi Commodities advices selling silver between Rs 43,900-44,000 per kilogram with a stop loss of Rs 44,500 per kilogram for a target price of Rs 43,200 per kilogram. Fall in commodities to keep equities under strain: Experts Dharmesh Bhatia of Kotak Commodities advocates selling natural gas. Bhatia says, "Any speculative rise around Rs 235 per kilogram is a good level to short maintaining a stop loss of Rs 239 per kilogram and hold short for a target of Rs 225 per kilogram to Rs 221 per kilogram on lower side."Discover 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!