MCX Nickel Target 900 full Hit Wait For 2nd Target 920 – Bola Tha Buy only
MCX Nickel Trading Tips : MCX Nickel Target Level 900—920, Above 800 Level Any Panic buy
MCX Nickel Trading Tips : MCX Nickel Target Level 900—920, Above 800 Level Any Panic buy
BASE METAL TIPS – MCX Copper settled down 0.11% at 440.85 as China’s factory activity is expected to have contracted for a fifth straight month in September. Pressure also seen after the release of a whistleblower complaint against U.S. President Donald Trump added to uncertainties about the global economy, already reeling from the China-U.S. trade war.
Copper on MCX settled down 1.08% at 445.45 amid market expectations of a U.S. rate cut and as U.S. and Chinese officials meet in Shanghai to discuss their year-long trade dispute.
MCX Nickel settled up 1.15% at 945.9 boosted by supply worries from major producer Indonesia. Shanghai nickel surged as much as 3.1% to 106,620 yuan a tonne, its highest since Sept. 3, 2018, but retreated slightly later in the session to close 2.4% higher.
Nickel futures traded 1.14 per cent higher at Rs 902 per kg on Thursday after traders enlarged positions amid pick up in spot demand at domestic markets.