Monday, 19 June 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 19 JUNE 2017

Nickel trading range for the day is 570.7-580.7. Nickel prices gained as support seen after LME Nickel rose 1.2 percent to $8,960 amid rise in steel prices. China’s housing market is cooling down following a series of restrictive policy, and such condition is expected to be continuing during the rest of the year.Euro zone industrial output grew in April and employment rose in the first quarter of the year to reach a record high, data released showed.

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