EPIC RESEARCH MCX NICKEL UPDATE OF 11 MAY 2016

Posted by Farhan Khan on 12:15:00 with No comments
Nickel trading range for the day is 572-593.       
Nickel rebounded following Monday's slide, amid a severe downdraft in steel prices and as governments step in to subsidise stricken plants.          
Base metals to remain hostage to changing expectations about U.S. rate rises and dollar moves over the coming months              
Nickel daily stocks at Shanghai exchange came down by 77 tonnes.   

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