Ravindra Rao of Motilal Oswal advises selling MCX nickel around Rs 826-830 per kilogram. "One can place a stop loss at Rs 842 per kilogram and a target of Rs 780-800 per kilogram", Rao adds.
Renisha Chainani of Edelweiss recommends selling MCX natural gas around Rs 220 per kilogram with a stop loss at Rs 224 per kilogram and a target price of Rs 210-212 per kilogram. Dharmesh Bhatia of Kotak Commodities suggests buying MCX crude around Rs 5,050-5,075 per barrel. He places a stop loss for this trade at Rs 5,000 per barrel for a target of Rs 5,200-5,220 per barrel. Sumeet Bagadia of Destimoney Commodities advocates buying MCX gold around Rs 27,000 per 10gm levels. Bagadia says, "Keep a stop loss for this trade at Rs 26,850 per 10gm for a target of Rs 27,200-27,400 per 10gm".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!