Dharmesh Bhatia of Kotak Commodities advises selling copper MCX around Rs 404-405 per kilogram with a stop loss at Rs 409 per kilogram for a target of Rs 391-395 per kilogram.
Renisha Chainani of Edelweiss recommends selling nickel MCX around Rs 830 per kilogram. One can place a stop loss at Rs 840 per kilogram and a target of Rs 810-815 per kilogram.
Ravindra Rao of Motilal Oswal advocates selling natural gas MCX around Rs 217. Rao says, “Keep a stop loss for this trade at Rs 222 per kilogram for a downside target of Rs 205 per kilogram”.
Sumeet Bagadia of Destimoney Commodities suggests selling crude MCX around Rs 5,250-5,260 per barrel. “Maintain a stop loss for this trade at Rs 5,310 per barrel for an initial target of Rs 5,180 per barrel followed by Rs 5,100 per barrel”, Bagadia adds.