NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1195 R1-1180 S1-1150 S2-1135
Nickel settled up 0.58% at 1162.1 tracking gains in other base metals counter despite mixed US economic data.
US housing starts fell to 893,000 in June on an annually adjusted basis, down for the second month to a low last seen in September 2013.
Technically market is under short covering as market has witnessed drop in open interest by -8.83% to settle at 5432.
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