EPIC RESEARCH MCX NICKEL UPDATE OF 27 JULY 2016

Nickel trading range for the day is 680.6-708.8.
Nickel dropped tracking weakness from LME Nickel which finished the day 1.2 percent weaker as investors sold to book profits from a recent rally.        
Nickel prices touched one-week lows on market uncertainty ahead of the U.S. central bank meeting and as investors sold to book profits from a recent rally.  Conference Board's Consumer Confidence Index fell slightly in July to 97.3, consumer confidence still remains highly following a massive five-point surge a month earlier.

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