India, Sept. 30 -- Technically Nickel market is under fresh selling as market has witnessed gain in open interest by 0. 42% to settled at 1182 while prices down 5.6 rupees.
Now MCX Nickel is getting support at 1054.6 and below same could see a test of 1047.1 levels and resistance is now likely to be seen at 1074 a move above could see prices testing 1085.9.
Nickel yesterday settled down by 0.52% at 1062.2 as the macro factors under the influence of overseas pandemic situation suppressed prices.
China s industrial profits rose 19.1% in August the country s National Bureau of Statistics announced over the weekend.Chinese economic data has been watched by investors for signs of the country s continued recovery from the coronavirus pandemic....