Commodity bets: Buy gold, sell crude recommend experts

Mar 04, 2013, 12.23 PM IST

Hitesh Jain of IIFL suggests buying MCX gold at Rs 29,650 per 10gm with a target of Rs 29,850 per 10gm and a stop loss at Rs 29,550 per 10gm.

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Hitesh Jain of IIFL suggests buying MCX gold at Rs 29,650 per 10gm with a target of Rs 29,850 per 10gm and a stop loss at Rs 29,550 per 10gm.

Like this story, share it with millions of investors on M3

Commodity bets: Buy gold, sell crude recommend experts

Hitesh Jain of IIFL suggests buying MCX gold at Rs 29,650 per 10gm with a target of Rs 29,850 per 10gm and a stop loss at Rs 29,550 per 10gm.

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Sugandha Sachdeva of Religare Commodities recommends buying MCX lead at Rs 123 per kilogram. "Keep a stop loss at Rs 121.80 per kilogram on the downside and look for a target of Rs 125.50 per kilogram on the higher side", she adds.

Sreekanth Jha of PJ Commodity Ventures advises selling MCX crude at Rs 5,050 per barrel with a target of Rs 4,950 per barrel.

Priyank Upadhay of SSJ Finance & Securities says, "We suggest buying MCX nickel at Rs 913-915 per kilogram with a stop loss below Rs 900 per kilogram and a target of Rs 935-940 per kilogram".

Hitesh Jain of IIFL suggests buying MCX gold at Rs 29,650 per 10gm with a target of Rs 29,850 per 10gm and a stop loss at Rs 29,550 per 10gm.

Tags: Sugandha Sachdeva, Religare Commodities, lead, Sreekanth Jha, PJ Commodity Ventures, crude, Priyank Upadhay, SSJ Finance & Securities, nickel, Hitesh Jain, IIFL, gold

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highlights

No case to revise direct tax rates, slabs
Super rich tax: 10% surcharge on income above Rs 1 cr
Modified provisions under GAAR effective April 1, 2016
No change in standard rate of excise duty, service tax

FM speaks to CNBC TV18
Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown

GAAR-Presumes tax benefit unless proved contrary
MFs covered for deductions u/s 80CCG
Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
ED on readymade garments exempted: positive textile sector

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Textiles - General

18:52 pm

Exice Duty on readymade garments exempted +ve for textile sector

TAX AND YOU

Salaried Person

Kuldip Kumar

REACTIONS

reaction on: Markets

Mukesh Kumar

Head - Strategic Planning | HDFC ERGO General Insurance

reaction on: SME

Snehdeep Aggarwal

Founder & Chairman | Bhartiya International

reaction on: Policy

Sanjay Sanghvi

Partner | Khaitan & Co

reaction on: Business

Govind Shrikhande

MD | Shoppers Stop

reaction on: Business

Gaurav Gupta

Sr Director | Deloitte

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