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Oct 23, 2012, 12.44 PM IST
Renisha Chainani of Edelweiss recommends buying MCX crude November contract at Rs 4,900 per barrel. "Place a stop loss for this trade at Rs 4,870 per barrel for an upside target of Rs 4,950 per barrel," Chainani said.
Shreekant Jha of PJ Commodity Ventures advises selling crude on MCX at Rs 4,900-4,850 per barrel. He suggests targets on the downside close to Rs 4,750 per barrel. Priyank Upadhyay of SSJ Finance & Securities believes that nickel prices are consolidating between the range of Rs 880-940. Therefore, he suggests buying nickel on MCX at Rs 890 per kilogram with a stop loss of Rs 880 per kilogram for target of Rs 910 on the higher side. Ravindra Rao of Motilal Oswal Commodities advocates buying copper on MCX on dips to Rs 428 per kilogram. "Keep a stop loss for this trade at Rs 425 per kilogram for target of Rs 433-435 per kilogram."
Tags: CNBC-TV18, Bazaar, Commodity Bets, Renisha Chainani, MCX, crude, Priyank Upadhyay, nickel, copper
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