NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1190 R1-1175 S1-1145 S2-1130
Nickel settled down depressed by worse-than-expected inflation data from China.
In China, CPI rose 2.3% in June from a year ago, while PPI fell at a smaller rate of 1.1%.
Technically market is under long liquidation as market has witnessed drop in open interest by -19.08% to settled at 5967.
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