NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1140 S2-1125.Nickel prices supported on supply concerns as Indonesia, the largest supplier to China, banned ore exports to spur investment in domestic smelters.The nickel-fueled gains may not last as China may build smelters in Indonesia to get around the ban.Technically market is under short covering as market has witnessed drop in open interest by -4.94% to settled at 7287.
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