EPIC RESEARCH MCX NICKEL UPDATE OF 5 JULY 2016

Nickel trading range for the day is 649.8-714.6.
Nickel pared gains on profit booking and settled up after prices crossed 700 mark earlier in the day as worries over possible mine closures in the Philippines persisted.    
LME Nickel hit $10,410 a tonne, its highest since late October, helped by news that the Philippines, will review all mines operating in the country.

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