India, Sept. 24 -- Technically Nickel market is under fresh selling as market has witnessed gain in open interest by 64. 94% to settled at 762 while prices down 13.8 rupees.
Now MCX Nickel is getting support at 1056.6 and below same could see a test of 1049.5 levels and resistance is now likely to be seen at 1073.4 a move above could see prices testing 1083.1.
Nickel yesterday settled down by 1.28% at 1063.8 as pressure seen amid rising global COVID-19 cases that may lead to renewed lockdowns and uncertainty over more fiscal stimulus stoked worries about the economic recovery from the pandemic and drove up risk aversion sentiment in the market.
Investors grew more anxious about the pandemic as the UK is reportedly considering another nat...