Hold buying in Crude Oil avoid fresh buying but make sure to create buying Position If, Crude Oil trades above 5560/- INR with S/L of 5520/- INR (CMP-5504/- INR)
You might see rally in crude oil as the landing cost in India is very close to 110$ per barrel & in Nymex it is trading around 105$ per barrel so, we are at the premium of 5$ per barrel So, holding buy call with strict S/L is needed if the spread ranges in between 5-10$ per barrel but if spread moves towards discount then exit all buy calls
Gold is hovering around 28,000/- from last few days So, you might find uni-directional trend in Gold. Sell on rise is the policy which is to be adopted for Long term investment plan.