Near-term view negative for MCX-Nickel
The Nickel futures contract on the Multi Commodity Exchange (MCX) has reversed sharply lower after surging initially in the past week. The contract, which made a high of ₹786 per kg on Monday, has reversed sharply lower from there. The contract fell 2.8 per cent on Tuesday to make a low of ₹763.2 per kg. It has bounced higher from this low and is currently trading at ₹767. However, with resist...
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