Kaushal Jaini, assistant vice president of Dani Commodities recommends going long on gold, once it breaks Rs 28,000 per 10 grams level. He sees the yellow metal as a good buying opportunity. "One can go long with a stop loss at Rs 27,900 per 10 grams and an upside target at Rs 28,150 per 10 grams", he adds. Till then he sees a lackluster movement in gold.
NS Ramaswamy of Ventura Securities recommends buying the crude oil April contract MCX in the range of Rs 5,430-5,460 per barrel with a stop loss of Rs 5,410 per barrel. His target for an intraday trade is at Rs 5,495 per barrel and beyond that to Rs 5,520 per barrel .
Rajini Panicker of MF Global Commodities India suggests selling the March MCX nickel contract at levels of around Rs 957-960. "Place a stop for this trade around Rs 975 and look at target levels of about Rs 940-920," she adds.
N Prasad, CEO of Safetrade Advisors advices selling the MCX silver contract at around Rs 56,900 per kg with a stop loss of Rs 57,500 per kg for a target of Rs 55,900 per kg.
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