Rajini Panicker of MF Global Commodities India feels that gold is trading at four month lows and the RSI rating is also below 30 which indicates that gold is oversold.
Dipen Shah of Stayvan.com thinks that gold prices saw a fall on commodity exchange but a weakening rupee is adding support to the prices on MCX.
NS Ramaswamy of Ventura Securities feels that the MCX crude May contract is a buy in the range of Rs 5125-5140 per barrel. He reckons that after witnessing a sharp fall of 14% from USD 110.53 per barrel witnessed on 1st March, the dollar NYMEX crude has tumbled close to USD 95 per barrel.
Rajini Panicker of MF Global Commodities India recommends selling the April contract of Nickel on MCX at levels of about Rs 926 per kilogram to Rs 931 per kilogram, Place a stop for this trade around Rs 944 per kilogram and look to target levels of Rs 900 per kilogram to about Rs 880 per kilogram.
Rajini Panicker of MF Global Commodities India recommends selling lead April contract on MCX at levels of Rs 107.50 per kilogram to Rs 108 per kilogram. She suggests placing a stop for this trade around levels of Rs 109 per kilogram and look to target levels of Rs 106 per kilogram to about Rs 104.50 per kilogram.
Rajini Panicker of MF Global Commodities India recommends going long on the MCX crude oil April contract at levels of around Rs 5,310 per barrel and on dips to about Rs 5,290 per barrel. She advises to place a stop loss for this trade around Rs 5,250 per barrel and look to target levels of Rs 5,380 per barrel to around Rs 5,410 per barrel.
Here is a detailed analyses by four experts on four commodities - gold, crude, nickel and silver.
"We are noticing some short term buying opportunity for October Gold on MCX," says Rajini Panicker, Head of Commodities Research, MF Global Commodities India.
In commodities, Ram Pitre, director of Brics Securities suggested selling crude on a rally between Rs 4,020-4,030 per barrel for a stop loss of Rs 4,060 per barrel and a target of Rs 3,900-3,850 per barrel.
Rajini Panicker, head of commodities research at MF Global Commodities India recommended a short on Multi Commodity Exchange (MCX) crude oil contract at levels of 4,120 for a stop loss of Rs 4,185 per barrel and target of Rs 3,920-3,900 per barrel levels.
Crude and silver are expected to do well today, say experts. Check out the targets they are looking at.
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Silver has tumbled down post a huge sharp increase in the margins. With the ongoing fall, in an exclusive interview with CNBC-TV18, experts Rajini Panicker of MF Global Commodities India and Tarang Bhanushal of IIFL analyse on whether the silver story was only a bubble.