Expert tips to trade gold, copper, nickel & crude

Dharmesh Bhatia, Associate Vice President - Research at Kotak commodities suggests going long on gold MCX at Rs 31,000-31,050 per 10 grams. Bhatia says, “Place a stop loss for this trade at Rs 30,900 for target of Rs. 31,295-31,300 per 10 grams”.

Also read: Crude down in Asia on US energy demand concerns Hitesh Jain, Research Analyst at IIFL advocates selling copper MCX at Rs 439 per kilogram. “Keep a stop loss for this trade at Rs 442.50 for targets of Rs 4,34 per kilogram,” Bagadia adds. N S Ramaswamy, Head Commodities- Ventura Securities advises buying nickel MCX Oct at above Rs 903 per kilogram. He recommends to trade it with a stop loss of Rs 899 with a target at Rs 922 per kilogram initially and beyond that to Rs 935 per kilogram. Sumeet Bagadia, Work Head - Commodities & Currency Research at Destimoney Commodities advises buying crude MCX at Rs 4,870 per barrel. He recommends it to trade with a stop loss of Rs 4,830 for targets of Rs 4,950 per barrel and beyond that to Rs 4,990 per barrel.