EPIC RESEARCH MCX NICKEL UPDATE OF 3 JUNE 2016

Nickel trading range for the day is 564-577.8.   
Nickel prices dropped amid expectations of slower seasonal demand in top consumer China, where there is a surplus.              
U.S. private employers increased hiring in May and new applications for jobless benefits fell last week, further boosting the economic outlook 
In news, China's new home prices rose further in May, while global manufacturing activity remained stuck in a rut last month.


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