'BUY' or 'SELL' recommendation on commodities

NEW DELHI: ET Now spoke to Kaushal Jain of Dani Securities to give his outlook on various individual commodities.

Oil prices slipped on concerns over the outlook for the global economy. ICE Brent crude fell 21 cents to $111.18 a barrel by 0901 GMT while U.S. crude was at $94.80, down 14 cents From Friday's close.

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Crude MCX Strategy: 'BUY'

Buy crude at Rs 4,200 with a target of Rs 4,280 and a stop loss of Rs Rs 4,160.

Under the precious metal space, Gold, Silver have declined on account of profit booking.

Silver MCX strategy: 'SELL'

Sell silver at Rs 51,500 with a target of Rs 51,100 and a stop loss of Rs 51,750.

LME copper fell as sentiment soured on talk of Moody's report on China's worrisome local debt burden and S&P warning on Greece debt that it would treat a French bank plan for a rollover of privately-held Greek debt as a default.

Copper MCX strategy: 'BUY'

Buy copper at Rs 423 with a target of Rs 427 and a stop loss of Rs 420

Nickle MCX strategy: 'BUY'

Buy Nickle at Rs 1045 with a target of Rs 1060 and a stop loss of Rs 1038.

Buying on dips is the right strategy to trade in base metals.