Commodity bets: How to trade copper, lead & nickel

Renisha Chainani of Edelweiss suggests selling copper around Rs 410-411 per kilogram with a stop loss of Rs 413 per kilogram and target at Rs 405-406 per kilogram on lower side.

FinMin to notify CTT on Thu; 23 agro-items excluded: Srcs Sugandha Sachdeva of Religare Commodities advises selling lead in the MCX June series at levels close to Rs 124 per kilogram with stop loss of Rs 126 per kilogram and prices likely to drift lower towards Rs 120 per kilogram. Sumeet Bagadia of Destimoney Commodities recommends selling nickel. "Rise in prices till Rs 830 or Rs 835 per kilogram in MCX should be used as selling opportunity with a stop loss to be placed at Rs 845 kilogram on higher side for initial target of Rs 810 per kilogram and if prices are able to break and give close below Rs 810 per kilogram then further selloff can be seen till Rs 790 per kilogram in next two-three days," Bagadia adds.