India, Sept. 15 -- Technically Nickel market is under fresh buying as market has witnessed gain in open interest by 10. 44% to settled at 1460 while prices up 9.7 rupees.
Now MCX Nickel is getting support at 1114.2 and below same could see a test of 1107 levels and resistance is now likely to be seen at 1125.8 a move above could see prices testing 1130.2.
Nickel yesterday settled up by 0.87% at 1121.4 as continuous ample liquidity provided traction to economic recovery keeping prices at high levels. China s financial data including newly-added social financing and new yuan-denominated loans issued by the central bank topped market expectations.
However escalating US-China and China-India tensions deepened concerns among investors which p...