Atul Shah of Emkay Commtrade feels that Fed giving a standby to the stimulus package is positive for dollar and negative for commodities.
Priyank Upadhyay of SSJ Finance & Securities believes that crude prices have been consolidating above Rs 4,950 per barrel in MCX.
N Prasad of Safetrade Advisors recommends selling MCX gold contract on Rs 29,800 per 10 grams with a stop loss of Rs 29,920 per 10 grams for a target of Rs 29,650 per 10 grams.
N Prasad of Safetrade Advisors advises selling MCX gold around Rs 29,800 per 10 grams with a stop loss of Rs 29,920 per 10 grams for a target of Rs 29,655 per 10 grams in the late evening session.