Now as per the guest on CNBC AWAAZ , following are his views
Natural Gas 350
Very unexpected commodity , now its very bullish and expected to rise to 360 by this week
Shorting from here will not be a good idea. One can
Buy NG around cmp or till 348 for trgt of 360 by this week
CRUDE OIL 6382
Today crude inventory from US. Also , the SUDAN tension just supporting the prices. Speculation over 2 lakh barrels production in focus.So totally run by geological concerns.Can see 6450 by this week.
shorting from here not recommended . So one can
BUY crude oil on dips at 6350 for trgt of 6450 in the coming sessions.
GOLD 30112
Good rise in prices over the few sessions. Today rupee market closed. So direct effect of international prices.Some profit booking can be seen, but downside is limited. One can
SELL gold on rise 30250-30300 ; sl 30400 ; target 29950 Or
Can buy Gold on dips till 29950
Natural Gas 350
Very unexpected commodity , now its very bullish and expected to rise to 360 by this week
Shorting from here will not be a good idea. One can
Buy NG around cmp or till 348 for trgt of 360 by this week
CRUDE OIL 6382
Today crude inventory from US. Also , the SUDAN tension just supporting the prices. Speculation over 2 lakh barrels production in focus.So totally run by geological concerns.Can see 6450 by this week.
shorting from here not recommended . So one can
BUY crude oil on dips at 6350 for trgt of 6450 in the coming sessions.
GOLD 30112
Good rise in prices over the few sessions. Today rupee market closed. So direct effect of international prices.Some profit booking can be seen, but downside is limited. One can
SELL gold on rise 30250-30300 ; sl 30400 ; target 29950 Or
Can buy Gold on dips till 29950
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