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.
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.
Sugandha Sachdev of Religare recommends selling crude at Rs 5,100 per barrel to Rs 5,120 per barrel, keeping a stop of Rs 5,160 per barrel, which is a crucial resistance level and prices are likely to trade lower towards level of Rs 5,020 per barrel.
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."
Shreekant Jha of PJ Commodity Ventures recommends selling gold on MCX at Rs 30,800 per 10 grams for target of Rs 30,500 per 10 grams.
Ravindra Rao of Motilal Oswal Commodities suggests buying MCX copper on dips upto Rs 445 per kilogram with a stop loss at Rs 442 per kilogram and an upside target of Rs 455 per kilogram.
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.
Shreekant Jha of PJ Commodity Ventures advocates selling crude on MCX at RS 4,750 per barrel for target of Rs 4,600 per barrel on the lower side.
Shreekant Jha of PJ Commodity Ventures advocates buying gold on MCX at Rs 31,300 per 10 grams for an upside target of Rs 31,500.
Renisha Chainani, Manager - Research at Edelweiss Comtrade recommended selling nickel MCX at Rs 945 with the stop loss of Rs 960 and target of Rs 920 on the down side as heavy metals are under presser.
Renisha Chainani, Manager - Research at Edelweiss Comtrade asks investors to buy copper MCX at above Rs 436. She also advises to place a stop loss at around Rs 434 and look for target levels of Rs 439-440.
Renisha Chainani of Edelweiss recommends buying MCX gold December contract above Rs 31,300 per 10 grams. Chainani says, "Place a stop loss for this trade at Rs 31,240 per 10 grams for upside target of Rs 31,400 per 10 grams."
Shreekant Jha, Managing Director of PJ Commodity Ventures believes that gold has started a new trend on the upside. He thinks that Rs 30,500 per 10 grams is the first target that he would see on MCX.
Sumeet Bagadia of Destimoney Commodities thinks that at present, gold looks best commodity to trade in. He believes gold prices can move up and touch levels of around Rs 30,500 per 10 grams.
Shreekant Jha, Managing Director of PJ Commodity Ventures believes that couple of weeks ago, when crude actually crossed the Rs 5,000 per barrel level, it gave indications that it was getting stronger.
Shreekant Jha, Managing Director of PJ Commodity Ventures reckons that yesterday crude reached very close to Rs 5,200 per barrel which he was anticipating.
Dipen Shah, Business Head of Stayvan.com believes that crude looks little bit overstretched with extended buying seen. He reckons that there would be some kind of profit booking that would creep into crude.
Dipen Shah, Business Head of Stayvan.com feels that there is some momentum left in crude and traders should buy crude on dips at around Rs 5,175 per barrel with a stop loss of Rs 5,145 per barrel for a target of Rs 5,200-5,220 per barrel.
Shreekant Jha, Managing Director of PJ Commodity Ventures says that yesterday crude touched Rs 5,200 per barrel as he had expected. Jha adds, “Under the circumstances, the call remains the same. You could buy crude at Rs 5,000 per barrel and look for target of Rs 5,200 per barrel.
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.