EPIC RESEARCH MCX NICKEL UPDATE OF 10 JUNE 2016

Nickel trading range for the day is 581.8-618.    
Nickel pared gains on profit booking after gained as monetary stimulus by the ECB and an improving trade outlook in China boosted investor appetite.      
Pressure also on prices seen due to an unexpected drop in jobless claims soothing some worries about U.S. economic growth decelerating in the second quarter.      
In China, imports slipped 0.4 percent in May, the smallest drop since late 2014, signaling improvement in domestic demand.

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