India, Sept. 11 -- Technically Nickel market is under fresh selling as market has witnessed gain in open interest by 4. 32% to settled at 1183 while prices down 9.9 rupees.
Now MCX Nickel is getting support at 1084.8 and below same could see a test of 1077.8 levels and resistance is now likely to be seen at 1100 a move above could see prices testing 1108.2.
Nickel yesterday settled down by 0.9% at 1091.7 after China's August refined nickel output rose 15% from a year earlier to 14260 tonnes.
On a monthly basis nickel cathode output fell 3.5% last month mainly affected by maintenance at top producer Jinchuan Group which produced 12500 tonnes of the product in August.
In the first eight months of the year China produced 112000 tonnes of r...