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Tuesday, March 13, 2018

NICKEL UPDATES FOR MARCH 13 2018

TUESDAY 11.45 AM IST



MARKET UPDATE



Mcx  Nickel opened sharply higher in yesterdays trade after 



Nickel was up around 4 % in Last Fridays trade after better 



than expected jobs data from the US ,



Yesterdays trade Nickel opened higher after hitting 


a high of Rs 907



As all Base metals continued to be under pressure


 in the evening trade 



Nickel also joined in and prices softened and came a low 


of Rs  885 .


TODAYS TRADE 



Mcx Nickel currently trading at Rs 888.50


Resistance can be seen at Rs 893 / 897 and 903



Above Rs 900 will turn bullish for the commodity .


Supports are seen at Rs 883/ 878 / 874



Analyst say cutting down of positions by participants 


on subdued demand from Alloy makers weighed


on Nickel Proces 


We will keep updating 


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