In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Sunteck Wealthmax shares trading strategy of the day.
Kunal Shah, head of research - Commodities at Nirmal Bang Commodities feels that investors should go short in oil at Rs 5,270 per barrel with a stop loss placed above Rs 5,310 per barrel and expect prices to move and test levels of Rs 5,190 per barrel.
Kunal Shah, head of research - commodities at Nirmal Bang Commodities feels that the long going crisis between US and Iran is seen moderating, due to which he expects crude oil prices to remain under pressure.
Commodities took a big knock yesterday after overseas markets affected sentiment in the space. Experts give CNBC-TV18's investors their outlook on gold, silver, nickel and base metals from the commodities basket.
News of the Greek referendum has reversed flows in financial markets world over. Therefore, the general sentiment in the market is to short commodities, except for the safe haven gold.