Expert tips to trade gold, crude, nickel & copper

N Prasad of Safetrade Advisors suggests selling gold MCX December contract at Rs 31,440 per 10 grams. Prasad propose placing a stop loss at Rs 31,500 per 10 grams for downside target of Rs 31,310 per 10 grams.

Ravindra Rao of Motilal Oswal advises buying crude on MCX on dips to Rs 4,780 per barrel. He recommends this trade with a stop loss of Rs 4,730 per barrel for targets of Rs 4,950 per barrel and beyond that to Rs 5,000 per barrel. Kunal Shah of Nirmal Bang Commodities suggests going long on nickel MCX Futures at Rs 982 per kilogram. Shah says, “Place a stop loss for this trade at Rs 975 for upside target of Rs 1,000 per kilogram.” Sumeet Bagadia of Destimoney Commodities advocates selling copper on MCX at Rs 442 per kilogram. “Keep a stop loss for this trade at Rs 447 per kilogram for targets of Rs 435 per kilogram and beyond that to Rs 425 per kilogram,” Bagadia adds.