Commodity bets: Trading strategy for crude, gold & nickel

Sreekanth Jha of PJ Commodity Ventures recommends staying long on crude. "If one has not yet booked profit then hang on to the position up to Rs 6,500 per bbl and if one has booked profit then buy during correction intraday. Therefore, look at Rs 6,500 per bbl as target," Jha adds.

Also Read: Brent near three-month peak as dollar wilts on Fed stance Hitesh Jain of IIFL suggests buying gold at Rs 26,000 per 10gm for target Rs 26,350 per 10gm and stop loss at Rs 25,800 per 10gm. Priyank Upadhyay of SSJ Finance & Securities advices buying nickel at Rs 815 per kilogram to Rs 810 per kilogram range with stop loss below Rs 805 epr kilogram and expect target around Rs 830 per kilogram Renisha Chainani of Edelweiss advocates going long on crude with stop loss at Rs 6,260 per bbl and target at Rs 6,400 per bbl.