Commodity bets: Buy copper, nickel, crude; sell natural gas

Renisha Chainani of Edelweiss suggests buying copper at around Rs 385 per kilogram with stop loss of Rs 380 per kilogram and target of Rs 390-395 per kilogram on the higher side.

Also Read: Upside target for gold at $1,450-1,475/oz: Jonathan Barratt Ravindra Rao of Motilal Oswal recommends selling natural gas on rise towards Rs 232-234 per kilogram with stop loss of Rs 238 per kilogram on higher side, prices are expected to dip towards Rs 222 per kilogram and then Rs 218 per kilogram. Sumeet Bagadia of Destimoney Commodities advocates buying nickel. "Dips in prices till Rs 825 per kilogram in MCX should be used as buying opportunity with stop loss placed at Rs 815 per kilogram on lower side for initial target of Rs 840 per kilogram and if prices are able to break and give close above Rs 840 per kilogram then further upside rally can be seen till Rs 855 per kilogram in next two-three days," Bagadia adds. Dharmesh Bhatia of Kotak Commodities advises buying crude. Bhatia says, "Any decline below Rs 4,950 per kilogram is a good level to accumulate, maintaining a stop loss of Rs 4,875-4,850 per kilogram and I am expecting to hold long for a target around Rs 5,100-5,150 per kilogram."