EPIC RESEARCH MCX NICKEL UPDATE OF 08 Nov 2016

Nickel trading range for the day is 685.6-781.2. Nickel prices gained on the back of positive outlooks for steelmaking raw materials coking coal and iron ore. Nickel stocks fell 546 tonnes to 363,162 tonnes and cancelled warrants dropped 522 tonnes to 120,462 tonnes. Markets are attempting to strike a balance between a Clinton win and the possibility of a sell-off in commodities if Trump is elected.
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