Navneet Damani of Motilal Oswal speaks to CNBC TV18's Manisha Gupta about the current trend in commodities markets and the trade war concerns.

Aluminium and steel prices were volatile so there was not much of a reaction on Friday.

Any kind of trade tariff imposition or any kind of geopolitical mismatch generally has an impact on the precious metals but that is not the case today, said Damani.

The Trump administration imposed new duties on steel and aluminum imports from the European Union, Canada and Mexico on Thursday citing national security concerns.

Damani suggests buying nickel at Rs 1,018 with a stop loss of Rs 1,000 and target price of Rs 1,040.

First Published:Jun 1, 2018 1:42 PM IST