Ashish Kyal, Head of Research at Commtrendz feels that crude is in a broad range of Rs 5200-5400 per barrel levels.
Rajini Panicker of MF Global Commodities India recommends to go short the May silver on MCX at levels of around Rs 56,850-56,950 per kilogram. "Place a stop for this trade around levels of Rs 57,200 per kilogram and look to target levels of Rs 56,200 per kilogram to about Rs 55,900 per kilogram," she says.
Here is a detailed analyses by four experts on four commodities - gold, crude, nickel and 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.
Kaushal Jaini, assistant vice president of Dani Commodities advises to short gold MCX Rs 27,300 per 10 grams with a stoploss of Rs 27,500 per 10 grams and target of Rs 27,000 per 10 grams.
What do four commodities expert think about trading gold, copper and crude oil from the commodity basket?
Kaushal Jaini, Dani Commodities says, “We don’t see, atleast for a couple of days, gold crossing Rs 28,050 per 10 grams on the upper side. It may retest Rs 27,650-27,700 per 10 grams. So, go short on every rise with stop loss of Rs 27,950 per 10 grams. Go short at Rs 27,850-27,900 per 10 grams with a target of Rs 27,800 -27,750 per 10 grams."
Naveen Mathur of Angel Broking is bearish on zinc. He suggests a sell at Rs 107. He recommends a target of Rs 103 with a stop loss at Rs 107.60.
Here are some commodity trading strategies from experts to help you trade better right now in commodities like gold, copper and silver.
Here are some commodity trading strategies from experts to help you trade better right now in commodities like gold, copper and crude.
Kaushal Jaini, Assistant-Vice President, Dani Commodities tells CNBC-TV18's investors some of his strategies to play select commodities like crude and gold.
Kaushal Jaini, Dani Commodities is bullish on silver. “We expect silver to touch the recent highs,” he said.
Astha Jain, Senior Research Analyst, Hem Securities feels that gold is likely to touch Rs 24,000/10 grams by the year-end.
Kaushal Jaini, Assistant Vice President, Dani Commodities said, " Rollovers from the current contracts could push the gold prices for a profit booking levels because gold is currently near all time highs. He sees Rs 22,700 in the October contract as a good buying opportunity."
Kaushal Jaini, assistant vice president, Dani Commodities in an interview with CNBC-TV18 gave his readings for commodities and metal space.
In an exclusive interview with CNBC-TV18, Kaushal Jaini, assistant vice president of Dani Commodities says nickel is back in the news. “: On the international exchange, especially on LME, there is a good probability that nickel can test 29,000 LME on the LME chart,” says Jaini. He maintains a bullish call for nickel in India.
Kaushal Jaini, Assistant Vice President of Dani Commodities, in an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, said that the dollar was seen weak against rupee after the austerity measures announced for Europe.
Speaking exclusively to CNBC-TV18, Kaushal Jaini, assistant vice president of Dani Commodities says that on the currency front, the dollar at this point in time looks weak, since, “QE2 and QE3 decision is set to happen today.”
Kaushal Jaini, Asst. Vice President, Dani Commodities in an interview with CNBC-TV18 gave his readings for currency markets, commodities and metal space.
Silver has seen a striking slip down, and the price of silver is likely to only go lower, says Kaushal Jaini, assistant vice president at Dani Commodities. In an exclusive interview with CNBC-TV18, he says he does not expect upside moves from here.
Kaushal Jaini, Assistant Vice President, Dani Commodities, in an interview on CNBC-TV18, talks about different commodities. He gives his views on the rupee-dollar, gold and crude.
Most of the Asian currencies have been performing strongly. The Australian dollar is at its strongest best every since it started floating. So there has been a positive vibe across Asia and across commodity related stocks and currencies as well. Kaushal Jaini of Dani Commodities tells us where the rupee and commodities are headed.
The Indian currency has gotten a bit stronger today, largely because there has been weakness for the dollar globally. Kaushal Jaini assistant vice-president at Dani Commodities, in an exclusive interview with CNBC-TV18’s Latha Venkatesh shares his views on how does on trade now.
In an exclusive interview with CNBC-TV18’s Latha Venkatesh, Kaushal Jaini of Dani Commodities shares that, “Currently, it is a no trade zone. We would wait for the rupee to either appreciate to 45.10 or maybe depreciate above 45.62 for a long but on a broader picture.”