Sumeet Bagadia Work Head - Commodities & Currency Research at Destimoney Commodities advises buying crude on MCX at Rs 4,870 per barrel with a stop loss of Rs 4,830 per barrel. He puts the target at Rs 4,950 per barrel initially and Rs 4,990 per barrel after that.
Also read: Crude may see $95-97/bbl in next 1-2 weeks: IIFL Dharmesh Bhatia the Associate Vice President at Kotak Commodities suggests going long on nickel MCX at Rs 915 per kilogram. "Place a stop loss for this trade below Rs 900 for target at Rs 955-960 per kilogram" he adds. Hitesh Jain Research Analyst at IIFL recommends buying silver MCX Dec at Rs 60,650 per kilogram with a stop loss of Rs 60,200 per kilogram for target at Rs 61,300 per kilogram. N S Ramaswamy Head of Commodities at Ventura Securities advocates selling natural gas bellow Rs 192 per mmbtu. He also says "place a stop loss of Rs 195 per mmbtu for the target of Rs 184 per mmbtu initially and Rs 195 per mmbtu after that".Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!