MCX Nickel Next Target 998—918 Any Panic Buy Stop Loss Paid

MCX Nickel Next Target 998—918 Any Panic Buy Stop Loss Paid

MCX Nickel yesterday settled down by 3.14% at 893.5 prices dropped as downbeat industrial data from China and emergency interestrate cut from the US FederalReserve underscored the potentially crippling blow of the coronavirus pandemic to the globaleconomy.

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Nickel MCX Free Tips: Ultimate Target ₹ 842— ₹ 800 – Wait For Any Upside, Need Patience – Neal Bhai Reports

Market concerns over a trade war and a surge in supplies also weighed on the contract. While broad risk-off sentiment continued to affect commodity investment, volatile emerging market currencies and renewed trade disagreements added further downward pressure to the base metals complex, while equity markets continued to trail lower against the surging dollar.        

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