The cost of the Indian basket of crude, which is the average of Oman, Dubai and Brent crude, was at $20.56. Retail prices of petrol and diesel in India are linked to the price of these fuels in global markets.
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.
Dipen Shah of Stayvan.com recommends selling gold on MCX. "Maintain a stop loss for this trade at Rs 28,400 per 10gm for a target of Rs 27,900 per 10gm", Shah adds.
Reena Rohit of Angel Commodity Broking advocates selling MCX gold. She says, "Keep a stop loss for this trade at Rs 27,950 per 10gm for a target of Rs 27,500 per 10gm".
Commodity experts are upbeat on crude, gold and nickel, hence suggests buying them.
Sreekanth Jha of PJ Commodity Ventures advises selling MCX gold for a target of Rs 25,500 per 10gm.
Sreekanth Jha of PJ Commodity Ventures advises selling MCX gold for a target of Rs 25,500 per 10gm.
Commodity experts are upbeat on crude and silver, they advise selling them. However, they expect silver to rally.
Commodity experts are not so upbeat on lead, crude and natural gas, they advise selling them. However, they expect silver to rally to Rs 44,200 per kilogram, hence suggest buying it.
Priyank Upadhyay of SSJ Finance & Securities recommends buying copper around Rs 407 per kilogram with stop loss below Rs 403 per kilogram and target around Rs 415 per kilogram followed by Rs 418 per kilogram.
Priyank Upadhyay of SSJ Finance & Securities suggests buying silver around Rs 43,300 per kilogram with stop loss below Rs 42,700 per kilogram and target around Rs 44,000 per kilogram followed by Rs 44,500 per kilogram.
Sell crude at Rs 5,300 per bbl with stop at Rs 5,400 per bbl for target of Rs 5,150 per bbl, advises Shreekant Jha of PJ Commodity.
Priyank Upadhyay of SSJ Finance & Securities recommends selling copper around Rs 398 per kilogram with stop loss above Rs 402 per kilogram and target around Rs 390-387 per kilogram.
Priyank Upadhyay of SSJ Finance & Securities suggests selling gold around Rs 26,800-26,850 per 10gm. Place a stop loss for this trade at Rs 27,000 per 10gm for a target of Rs 26,300-26,400 per 10gm.
Dharmesh Bhatia of Kotak Commodities advises buying MCX crude around Rs 5,150-5,160 per barrel with a stop loss at Rs 5,060 per barrel and a target of Rs 5,280-5,300 per barrel.
Dipen Shah of Stayvan.com recommends buying gold on MCX on dips at Rs 26,800 per 10gm. "Maintain a stop loss for this trade at Rs 26,680 per 10gm for an upside target of Rs 27,100-27,200 per 10gm", Shah adds.
Priyank Upadhyay of SSJ Finance & Securities recommends buying nickel May contract around Rs 825-822 per kilogram with stop loss below Rs 815 per kilogram and target around Rs 845 per kilogram.
Sugandha Sachdeva of Religare Commodities suggests going short on zinc MCX April series at levels of around Rs 104.5 per kilogram, keeping a stop in place at Rs 106 per kilogram and prices are likely to drift lower towards Rs 101.6-101.8 per kilogram in near term.
Renisha Chainani of Edelweiss recommends buying copper around Rs 410 per kilogram with stop loss of Rs 407 per kilogram and target of Rs 415 per kilogram on the higher side.
Sugandha Sachdeva of Religare Commodities recommends buying crude MCX April contract at level close to Rs 5,120 per barrel to Rs 5,125 per barrel with stop loss at Rs 5,080 per barrel and targets at Rs 5,175-5,190 per barrel.
Sugandha Sachdeva of Religare Commodities recommends buying gold at Rs 29,500-29,550 per 10gm with stop loss of Rs 29,300 per 10gm. Prices are likely to head higher towards Rs 29,900-29,950 per 10gm in the near term.
Sugandha Sachdeva of Religare Commodities advises long in gold at Rs 29,450 per 10g to Rs 29,480 per 10g with stop loss of Rs 29,300 per 10g and prices are likely to move to Rs 29,700-29,750 per 10g mark.
Sugandha Sachdeva of Religare Commodities advises long on crude oil at levels close to Rs 5,120 per bbl to Rs 5,125 per bbl mark in the MCX April series, keeping a stop in place at Rs 5,080 per bbl mark and price are likely to make a switch towards Rs 5,190 per bbl mark on the higher side.
Dharmesh Bhatia of Kotak Commodities suggests selling MCX gold at Rs 29,475-29,500 per 10gm with a stop loss for this trade at Rs 29,575-29,595 per 10gm for a target of Rs 29,300-29,142 per 10gm on the downside.
NS Ramaswamy of Ventura Securities advises buying gold above Rs 29,450 per 10gm with targets of Rs 29,600 per 10gm and Rs 29,650 per 10gm with a stop loss of Rs 29,300 per 10gm.