In an interview to CNBC-TV18 N S Ramaswamy of Ventura Commodities shared his reading and outlook on commodities. He expects bearishness to continue in the bullion pack. He gives his strategies on gold, silver and crude
Shreekant Jha of PJ Commodity Ventures suggest a buy on silver MCX contract at Rs 62000 per kilogram with a target of Rs 63500 per kilogram.
Ashish Shah of Sushil Global Commodities suggest selling crude MCX at Rs 4875 per barrel with a stop loss above Rs 4935 per barrel and an upside target of Rs 4800 per barrel.
Ashish shah of sushil global commodity suggests buying Copper MCX Dec contract at Rs 442 per kilogram with a stop loss at Rs 438 per kilogram and target of Rs 448-450 per kilogram
As gold prices rose to Rs 31,689 per 10 gm in futures trade today, N S Ramaswamy, Head CRM & Commodities, Ventura Commodities is expecting gold to show some rangebound trade with positive bias. He says, "the long side is preferred with a stop loss of close to Rs 31,460 per 10gm or Rs 31,450 per 10gm."
Sumeet Bagadia Work Head - Commodities & Currency Research at Destimoney Commodities advises buying crude on MCX at Rs 4,870 per barrel with a stop loss of Rs 4,830 per barrel