EPIC RESEARCH MCX Nickel UPDATE OF 7 January 2019

Nickel trading range for the day is 752.6-786.8.

* Nickel gained after China cut bank reserve requirements and announced new trade talks with the United States.

* China's central bank cut the ratio of cash that banks must hold as reserves by 1 percent as it looks to reduce the risk of a sharper economic slowdown.

* Chinese factory activity contracted for the first time in 19 months in December, though data showed the services sector continued to expand.


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