Sell crude, nickel and stock up on silver, say experts

With global uncertainity and market movements in the developed nations still rippling our domestic market, here is what experts have to say about the commodity space.

Nickel
Ram Pitre of ITI recommends selling nickel between Rs 1040-1050 with a stop loss of Rs 1060 for a target price of Rs 1020 and Rs 1000 Crude
Kunal Shah of Nirmal Bang Commodities remains bearish on oil. He advices selling oil at these levels. One can go short at 4310 with a stop loss of 4350 and with a downside target of 4210-4200. Silver
Tarang Bhanushali, AVP (Research) of India Infoline points out that silver prices have declined over the last 2 days despite the fact that gold prices have moved upwards towards their all time high. He believes that this would be a good entry point for someone who is looking for a 1-2 day view on expectations that prices would bounce back. On the MCX, he recommends buying at 53000, keeping a target of 53600 and a stop loss 52600. Also watch accompanying video