Experts cautious on commodities as 2013 approaches

Shreekant Jha of PJ Commodity Ventures recommends selling gold on MCX at Rs 30,800 per 10 grams for target of Rs 30,500 per 10 grams. Ashish Kyal, Managing Director of Waves Strategy Advisors advocates selling silver on MCX on rallies upto Rs 57,700 per kilogram. "Place a stop loss for this trade at Rs 58,100 per kilogram for target of Rs 57,000 per kilogram," Kyal adds.

Also Read: Sell MCX Crude Jan around Rs 4920; SL Rs 4970: Fortune Fin Priyank Upadhyay of SSJ Finance & Securities advises buying natural gas on MCX at Rs 180 per kilogram levels. Upadhyay says, "Keep a stop loss for this trade at Rs 177 per kilogram for upside target of Rs 184-186 per kilogram." Ashish Shah of Sushil Global Commodities suggests shorting copper on MCX at current market price and rallies upto Rs 438 per kilogram. Shah says, "Maintain a stop loss for this trade at Rs 441 for target of Rs 432 per kilogram."