N Prasad of Safetrade Advisors recommends buying gold on MCX. "Maintain a stop loss for this trade at Rs 32,650 per 10gm for a target of Rs 33,270 per 10gm", Prasad adds.
N Prasad of Safetrade Advisors advocates buying MCX crude. Prasad says, "Keep a stop loss for this trade at Rs 6,430 per barrel for a target is of Rs 6,560 per barrel".
Commodity experts are upbeat on crude, gold, zinc and lead, they advise buying them.
Commodity experts are upbeat on crude and natural gas, they advise buying them. However, they are not so bullish on copper, hence suggest selling it.
Dipen Shah of Stayvan.com recommends selling gold on MCX around Rs 27,100-27,150 per 10gm. "Maintain a stop loss for this trade at Rs 27,250 per 10gm for a target of Rs 26,750-26,800 per 10gm", Shah adds.
Ram Pitre of Anand Rathi Commodities suggests buy on gold in domestic market around Rs 29,450-29,475 per 10gm range with a stop loss of Rs 29,375 per 10gm with an initial target of Rs 29,575 per 10gm followed by Rs 29,640 per 10gm.
Renisha Chainani of Edelweiss suggests buying crude above Rs 5,120 April contract with stop loss of Rs 5,085 and target to be Rs 5,170 and Rs 5,190 on the higher side.
N Prasad of Safetrade Advisors advises selling MCX gold at Rs 29,600 per 10gm. He adds, "Keep a stop loss at Rs 29,850 per 10gm with a target of Rs 29,380 per 10gm".
Sumeet Bagadia of Destimoney Commodities advises buying MCX gold at Rs 29,550 per 10gm. He says, "Place a stop loss at Rs 29,400 per 10gm on the lower side for an upside target of Rs 29,700 per 10gm. If prices are able to break and give close to Rs 29,700 per 10gm then further upside rally can be seen till Rs 29,800 per 10gm in next one-two days".
Dipen Shah of stayvan.com recommends buying MCX silver at Rs 53,100 per kilogram with a stop loss at Rs 52,900 per kilogram and a target of Rs 53,800-53,900 per kilogram.
Ravindra Rao of Motilal Oswal Commodities advocates buying copper towards Rs 445 per kilogram with a stop loss of Rs 442 per kilogram on the lower side with a target of Rs 450 per kilogram and then Rs 452 per kilogram on the higher side.
Sumeet Bagadia of Destimoney Commodities suggests selling copper with a stop loss at Rs 450 per kilogram on higher side for initial target of Rs 438 per kilogram.
N Prasad, CEO of Safetrade Advisors recommends buying MCX gold February contract at Rs 30,650 per 10 grams. Prasad adds, "Maintain a stop loss for this trade 30,590 per 10 grams for upside target of Rs 30,850 per 10 grams."
N Prasad, CEO of Safetrade Advisors advocates buying MCX gold February contract at Rs 30,700 per 10 grams. "Keep a stop loss for this trade at Rs 30,650 per 10 grams for target of Rs 30,870 per 10 grams on higher side," Prasad adds.
N Prasad, CEO of Safetrade Advisors advocates buying MCX silver February contract at Rs 59,300 per kilogram. Prasad adds, "Place a stop loss for this trade at Rs 58,700 per kilogram for upside target of Rs 60,000 per kilogram."
N Prasad of Safetrade Advisors advises buying MCX gold February contract at Rs 30,720 per 10 grams. Prasad says, "Place a stop loss for this trade at Rs 30,600 per 10 grams for upside target of Rs 30,900 per 10 grams."
N Prasad of Safetrade Advisors suggests selling gold MCX December contract at Rs 31,440 per 10 grams. Prasad propose placing a stop loss at Rs 31,500 per 10 grams for downside target of Rs 31,310 per 10 grams.
Kunal Shah of Nirmal Bang Commodities recommends shorting crude on MCX at Rs 4,910 per barrel. Shah says, "Keep a stop loss for this trade around Rs 4,945 per barrel for targets of Rs 4,840 per barrel."
Priyank Upadhyay of SSJ Finance & Securities reckons that gold prices are forming above Rs 30,000 per 10 grams and are headed higher towards the Rs 30,300-30,500 per 10 grams in medium term.
N Prasad of Safetrade Advisors advises buying MCX crude oil August contract around Rs 5,120 per barrel with a stop loss of Rs 5,090 per barrel for a target of Rs 5,170 per barrel.
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.
Naveen Mathur of Angel Broking recommends buying the MCX gold contract for the month of August at around Rs 29,850-29,900 per 10 grams levels with a stop loss at around Rs 29,700 per 10 grams for targets in the range of Rs 30,100-30,150 per 10 grams by the end of the day.