N Prasad, CEO of Safetrade Advisors recommends buying MCX gold February contract at Rs 30,650 per 10 grams. Prasad adds, "Maintain a stop loss for this trade 30,590 per 10 grams for upside target of Rs 30,850 per 10 grams."
Ravindra Rao of Motilal Oswal Commodities advocates buying natural gas on MCX on dips to Rs 188 per mmbtu. "Keep a stop loss 184 per mmbtu for upside target of Rs 195-200 per mmbtu," Rao further adds. Dharmesh Bhatia of Kotak Commodities advises selling nickel on MCX on rises up to Rs 948-950 per kilogram. Bhatia says, "Place a stop loss for this trade at Rs 960 per kilogram for target price of Rs 930-920 per kilogram." Must Read: Why Gold is a bit anti-India?Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
