Kunal Shah of Nirmal Bang Commodities recommends selling silver. He says “On MCX, one should look to sell silver at Rs 53,350 with stop loss above Rs 53,850 and target of Rs 52,600-52,500 during the day.”
NS Ramaswamy, head of commodities, Ventura Securities says that with the ongoing supply fears and falling inventories, crude oil is likely to remain on the higher side. He suggests buying MCX January crude at Rs 5,205-5,210 with a target of Rs 5,255-5,285 and stop loss of Rs 5,170.
Reena Walia of Angel Broking expects gold prices to come under pressure in today’s trading session. She says, “Overall in the Indian market prices could test levels below Rs 27,600. Hence we recommend a sell in MCX gold February at Rs 27,900 with a stop loss of 28,040 and target of Rs 27,670-27,550 for the day.
Kaushal Jain, assistant vice president, Dani Commodities also has a buy call on crude. He says, “Crude for immediate time would consolidate between USD 93-98 per barrel, on the Indian continent it coulb be within 5,000-5,250. Not much upside is seen at the current level. Dip to Rs 5,050 to-5,010 would be a buying opportunity. Buy at Rs 5,050 with stop loss of Rs 4,980 and target of Rs 5,130."
Thanks a lot for providing useful MCX Tips and share with us.Keep us update with such tips.
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