Friday, 14 October 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 14 Oct 2016

Nickel trading range for the day is 687.3-706.7.Nickel on MCX settled down -1.44% as pressure seen on profit booking after the dollar hit a seven-month high. However downside were limited after Indonesia’s Luhut Panjaitan, said it was unlikely that the country would relax its export ban on ore. Nickel daily stocks at Shanghai exchange came down by 447 tonnes.


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