Rajini Panicker, Head of Commodities - Research of PhillipCapital says gold is now getting confined to USD 1,400-1,495 per ounce range.
Rajini Panicker, head of commodities at Phillip Capital shared her reading amd outlook on commodities like gold and copper. In the short-term, she expects gold prices to correct from the current levels to about USD 1,670 per ounce.
Shreekant Jha, Managing Director of PJ Commodity Ventures planned to enter gold at Rs 29,700 per 10 grams and yesterday it went up to about Rs 29,850 per 10 grams.
Shreekant Jha, Managing Director of PJ Commodity Ventures feel that crude is just hanging in and around that Rs 5,000 per barrel level, not really moving up or coming down but at the same time it has given an entry of the levels that you are talking of that is to buy crude at the Rs 5,000 per kilogram levels.
Shreekant Jha, Managing Director of PJ Commodity Ventures believes that crude didn‘t do anything much yesterday and is still hovering around the Rs 5,000 per barrel levels.
Ram Pitre, Head research at ITI Limited advocates buying gold between Rs 29,250-29,300 per 10 grams with a stop loss of Rs 29,150 per 10 grams for a target price of Rs 29,400-29,500 per 10 grams.
Sumeet Bagadia of Destimoney Commodities expects bullions to move up. So, for this week he advocates buying gold at around Rs 29,250 per 10 grams with a stop loss to be placed below Rs 29,150 per 10 grams on lower side for the upside target of Rs 29,400 per 10 grams.
Sumeet Bagadia, Destimoney Commodities continues to hold a bearish view on bullions for next couple of days. He anticipates gold prices to go down and touch levels of around Rs 29,600-29,500 per 10 grams levels in next couple of days.
Ravindra Rao of Motilal Oswal Commodities expects gold prices to go higher at Rs 30,550 per 10 grams. So, he recommends buying gold at Rs 30,200 per 10 grams with a stop loss of Rs 30,050 per 10 grams for a target of Rs 30,500-30,550 per 10 grams.
Dipen Shah of Stayvan.com suggests buying gold on MCX at around Rs 30,300 per 10 grams with a stop loss of around Rs 30,200 per 10 grams for a target of around Rs 30,400-30,450 per 10 grams on an intra-day basis.
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.
For energy, Dipen Shah of Stayvan.com sees crude consolidating near USD 94-95 per barrel levels. He feels that there is a good support at USD 93 per barrel regions.
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.
Naveen Mathur of Angel Broking expects prices of gold to trade higher. He recommends buying MCX Gold contract of June at Rs 28,580-28,600 per 10 gm with a stop loss at Rs 28,490 per 10 gm.
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.
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.
Experts tell CNBC-TV18 why copper, crude and nickel are excellent picks from the commodity basket.
Rajini Panicker, head of commodities, MF Global Commodities India recommends selling crude. She says, “Short the December crude oil contract at Rs 5,200-5,230 with a stop at Rs 5,285 and target of Rs 5,150-5,020.
Rajini Panicker, head of commodities research, MF Global Commodities India recommends a sell on gold. She says, “Short December gold at Rs 26,750-26,800 placing a stop for around Rs 26,950 targeting levels of Rs 26,500-26,300.