Commodity Bets: Expert views on nickel, crude and copper

Rajini Panicker of MF Global Commodities India recommends selling the April contract of nickel on MCX at levels of about Rs 926 per kilogram to Rs 931 per kilogram. Place a stop for this trade around Rs 944 per kilogram and look to target levels of Rs 900 per kilogram to about Rs 880 per kilogram.

Tarang Bhanushali of India Infoline feels that crude oil futures have managed to break above the level of USD 103 per barrel on the international exchange. He believes that there would again be some rally in crude prices over the next two sessions. He suggests buying May futures on the MCX at around Rs 5380 per barrel to Rs 5400 per barrel levels keeping a target of Rs 5460 per barrel and a stop loss of Rs 5360 per barrel. Ashish Kyal, Head of Research at Commtrendz think that more than expected increase in US jobless claims and slower than expected expansion of Chinese economy - have impacted the prices of copper adversely. He says that copper can be sold on rallies till Rs 421 per kilogram with a stop loss of Rs 425 per kilogram and a target of around Rs 415 per kilogram. Shreekant Jha of PJ Commodity Ventures recommends buying May contract for crude at the Rs 5300 per barrel levels for target of Rs 5400 per barrel.