Sumeet Bagadia of Destimoney Commodities recommends selling nickel. “Rise in prices till Rs 830 per kilogram in MCX should be used as selling opportunity with a stop loss to be placed at Rs 845 per kilogram on higher side for initial target of Rs 810 per kilogram and if prices are able to break and give close below Rs 810 per kilogram then further selloff can be seen till Rs 790 per kilogram in next two-three days,” Bagadia adds.
Priyank Upadhyay of SSJ Finance & Securities suggests buying silver around Rs 43,300 per kilogram with stop loss below Rs 42,700 per kilogram and target around Rs 44,000 per kilogram followed by Rs 44,500 per kilogram.
Hitesh Jain of IIFL advocates selling copper June contract around Rs 407.50 per kilogram with target of Rs 402 per kilogram and stop loss of Rs 411 per kilogram.
Sreekanth Jha of PJ Commodity Ventures advises selling crude at Rs 5,250 per barrel and look at covering at Rs 5,100 per barrel.