Tag Archives: SSJ Finance and Securities

Commodity bets: Sell gold; buy silver & crude

28 Jun

Commodity experts are upbeat on silver and crude, they advise buying them. However, they are not bullish on gold, hence suggest selling it.

Priyank Upadhya of SSJ Finance and Securities suggests buying silver around Rs 39,000 per kilogram with stop loss below Rs 38,500 per kilogram and target around Rs 40,000-40,400 per kilogram.

Hitesh Jain of IIFL advocates selling MCX gold at Rs 25,500 per 10gm with target of Rs 25,000 per 10gm and stop loss of Rs 25,850 per 10gm.

Dipen Shah of Stayvan.com advises buying crude. “Any dips in prices around Rs 5,770 per barrel should be used for buying on MCX with strict stop loss of Rs 5,750 per bbl and expect Rs 5,820 to 5,840 per bbl on the higher side on MCX,” Shah adds.

Shreekanth Jha of PJ Commodity Ventures recommends selling gold at Rs 25,500 per 10gm for an immediate target of Rs 25,000 per 10gm.

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