Our Commodity analysts recommends buy MCX Silver May contract only on break out above Rs 57,800 per kilogram. Above Rs 57,798 per kilogram could look out for a long position with a target of Rs 58,400 per kilogram on an intraday and beyond that Rs 58,650 per kilogram with a stop loss of Rs 57,308 per kilogram.
Over the short term Lead can be bought on dips towards Rs 105.50 per kilogram with a stop loss of Rs 104.15 per kilogram and a probable target of Rs 109.45 per kilogram.
Suggest to buy Copper on dips to around Rs 431.15 per kilogram with a stop loss below Rs 427.48 per kilogram and look for targets of around Rs 437.48-439.45 per kilogram.
Sell MCX Crude April contract around Rs 5,321 per barrel with a stop loss of Rs 5,380 per barrel, for targets of Rs 5,250-5,230 per barrel.
MCX Copper April, Sell around 439.12 levels with a stop loss placed above 442.31 levels for targets of 435.89 levels.