Commodity Bets: How to trade nickel, lead, natural gas

Ram Pitre of Anand Rathi Commodities advises buying MCX nickel at Rs 850 per kilogram for an upside target of Rs 825-830 per kilogram with a stop loss at Rs 810 per kilogram.

Dharmesh Bhatia of Kotak Commodities suggests shorting MCX natural gas with a stop loss of Rs 239 per kilogram for a target of Rs 221-225 per kilogram. Sumeet Bagadia of Destimoney Commodities advocates buying MCX lead on dips to Rs 108 per kilogram levels. Bagadia says, "Keep a stop loss for this trade at Rs 106.50 per kilogram for an initial target of Rs 110 per kilogram and beyond that Rs 111.50 per kilogram". Renisha Chainani of Edelweiss recommends buying nickel on MCX above Rs 830 per kilogram. "Maintain a stop loss for this trade at Rs 815 per kilogram for an upside target of Rs 850-860 per kilogram", Chainani adds.