Experts cautious on commodities; advice selling gold, crude

Shreekant Jha of PJ Commodity Ventures advocates selling gold on MCX at Rs 31,000 per 10 grams for target of Rs 30,800 per 10 grams.

Ashish Shah of Sushil Global Commodities suggests selling crude on MCX at current market price and rallies to Rs 4,850 per barrel. "Maintain a stop loss above Rs 4,890 per barrel for target of Rs 4,800 per barrel." Shah adds. Also Read: Why one gold bull thinks the selloff won't last Ashish Kyal, Managing Director of Waves Strategy Advisors recommends selling copper on MCX below Rs 437 per kilogram. Kyal says, "Place a stop loss for this trade at Rs 437 per kilogram for target of Rs 432 on the downside." Priyank Upadhyay of SSJ Finance & Securities advises selling nickel on MCX at Rs 965 per kilogram. Upadhyay says, "Keep a stop loss for this trade at Rs 975 per kilogram for targets of Rs 950-940 per kilogram."