NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1150 R1-1135 S1-1105 S2-1095
Nickel prices gained as both technical and fundamental factors pointed to positive movements and the upswing in nickel prices accelerated.
In the short term, however, Chinese nickel pig iron production is predicted to fall by around 100,000 tons, this year.
Technically market is under fresh buying as market has witnessed gain in open interest by 6.95% to settled at 5506
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