BUY or SELL ideas by experts on commodities

NEW DELHI: India gold rose on Thrusday, extending gains for another session to it its record high but a firm rupee kept the upside limited.

Spot silver rose to $38.61 per ounce, the highest since May 31, before trading up 0.7 percent at $38.52.

Oil prices hovered above $98 a barrel Thursday in Asia amid speculation about a possible new round of US stimulus or QE3 in offing.

ET Now spoke to Ashish Shah of Sushil Finance to seek his views on volatile commodity markets:

Gold: "Gold looks to be in an overbought position" - Bearish on Gold

Sell MCX August near Rs 23,050 with a target of Rs 22,820-22,870 and a stop loss above of Rs 23,100

Crude: "Bullish on crude"

BUY MCX July near Rs 4,360 with a target of Rs 4,430 and a stop loss below of Rs 4,330.

Copper: "Bullish on Copper"

Buy MCX August near Rs 433.50 with a target of Rs 438-440 and a stop loss below of Rs 432.00

Nickle: "Bullish on Nickle"

Buy MCX July near Rs 1067 with a target of Rs 1085-1100 and a stop loss of Rs 1080


Sushil Finance recommends: Buying into Crude, Nickle and Copper buy selling in to Gold in intra-day markets.