MCX Nickel settled down 1.94% at 1011.1 on profit booking after prices gained amid an Indonesian mining ministry official reiterating that a ban on the export of raw ore exports would be enforced by 2022.
Nickel Tips
Nickel Rally Fades, Electric Vehicle Buzz doesn’t
Last week’s rally to a five-month high of $13,350 per tonne on the London Metal Exchange has gone into sharp reverse. Nickel was trading back at $12,385 on Tuesday.
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.
Nickel MCX Sell on Rise, Target 755—742 Trade With 500 Lots or Pocket Size Trade
Gold Silver Reports – Technically Nickel MCX is under fresh selling as market has witnessed gain in open interest by 4.58% to settled at 10820 while prices down -2.3 rupees.
Nickel MCX Under Fresh Selling Support Key 548
Gold Silver Reports — Nickel MCX Under Fresh Selling Support Key 548 — Technically Nickel market is under fresh selling as market has witnessed gain in open interest by 7.31% to settled at 47195 while prices down 12.6 rupees.
Nickel MCX Target 645 Trade With 5-10 Lots
#Nickel #MCX Buy CMP Stop Loss (PAID) #Target 645 Trade with 5-10 Lots……. Add more IF Come 595…. @Neal_Bhai #goldsilverreports pic.twitter.com/Ywu1aoU75t — Gold Silver Reports (@goldsilverrepor) …
Nickel MCX Support Key 572
Gold Silver Reports — Technically Nickel market is getting support at 582 and below same could see a test of 572 level, And resistance is now likely to be seen at 601, a move above could see prices testing 610