EPIC RESEARCH MCX Nickel UPDATE OF 27 December 2018

Nickel trading range for the day is 724.8-770.2.

* Nickel prices dropped triggered by concerns about slowing global economic growth.

* A global nickel market deficit will nearly halve to 49,000 tonnes in 2019 from 93,000 tonnes this year on higher output of primary metals by global suppliers.

* Japan's demand for nickel is projected to rise 9.5 percent to 199,200 tonnes, while supply is forecast to climb 2.3 percent to 188,100 tonnes.

* Warehouse stock for Nickel at LME was at 209202mt that is up by 150mt.

* BUY NICKEL DEC ABV 749 SL BELOW 740 TGT 756-764. MCX(BTST)

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