EPIC RESEARCH MCX NICKEL UPDATE OF 5 MAY 2016

Posted by Farhan Khan on 11:58:00 with No comments
Nickel trading range for the day is 623.6-640.2.
Nickel dropped on a stronger dollar and as weak manufacturing data, particularly from top consumer China, highlighted poor demand prospects.            
Chinese data showing factory activity in the world's top metals consumer shrank for a 14th consecutive month has muddied the outlook for metals demand          
Investors are waiting to see if industrial production, investment, loans and property market data for April confirms the pick up seen in March.

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