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Last Updated : Mar 21, 2012 10:46 AM IST | Source: CNBC-TV18

Commodity bets: Get expert advice on gold, crude, silver

Rajini Panicker, MF Global Commodities India recommends selling gold MCX April, if it tests levels of around Rs 28,000 per 10 grams. "Place a stop for this trade around Rs 28,100 per 10 grams and look for target levels of around Rs 27,600 per 10 grams," she advises.


Rajini Panicker, MF Global Commodities India recommends selling gold MCX April, if it tests levels of around Rs 28,000 per 10 grams. "Place a stop for this trade around Rs 28,100 per 10 grams and look for target levels of around Rs 27,600 per 10 grams," she advises.


NS Ramaswamy, Ventura Securities recommends buying silver MCX May in the levels of close to around Rs 56,550-56,600 per kg. "Keep a stop loss of Rs 56,500 per kg, one could go long looking out for a target of Rs 56,750 per kg and Rs 56,900 per kg," he adds.


N Prasad, CEO, Safetrade Advisors recommends selling MCX Silver contract around Rs 57,000 per kg with a stop loss of Rs 57,385 per kg for a target of Rs 56,295 per kg.


Kaushal Jaini, Asst. Vice President, Dani Commodities recommends going long on crude around Rs 5,400 per barrel levels with a stop loss of Rs 5,320 per barrel and an upside target of Rs 5,480-5,520 per barrel. He expects crude to test around USD 112 per barrel in this rally. "USD 103 per barrel on international front will create a great support. Profit booking is expected at around USD 112 per barrel on the upper side."

Also watch accompanying video.



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First Published on Mar 21, 2012 10:19 am
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