Commodity Corner: Tips to trade gold, crude, copper, nickel

Dipen Shah of stayvan.com advises buying gold on MCX at Rs 31,250-31,300 per 10 grams. Shah says, "Keep a stop loss for this trade at Rs 31,150 per 10 grams for targets of Rs 31,450-31,550 per 10 grams on the higher side."

Renisha Chainani of Edelweiss Financial Services recommends buying crude MCX January contract above Rs 4,880 per barrel. Chainani says, "Place a stop loss for this trade at Rs 4,850 per barrel for an upside target of Rs 4,950 per barrel." Also Read: Sell Copper with stoploss above Rs 451: Nirmal Bang Dharmesh Bhatia of Kotak Commodities suggests buying copper on MCX on declines towards Rs 442 per kilogram with a stop loss at Rs 441 for upside target of Rs 449-451 per kilogram. Sumeet Bagadia of Destimoney Commodities advocates buying nickel on MCX at Rs 970 per kilogram. "Maintain a stop loss for this trade at Rs 960 for upside target of Rs 990 per kilogram and beyond that to Rs 1,010 per kilogram," Bagadia adds.