MCX Nickel under fresh selling Support seen at 885.6
India, April 18 -- Technically Nickel market is under fresh selling as market has witnessed gain in open interest by 32. 84% to settled at 8830 while prices down 4.3 rupees.Now MCX Nickel is getting support at 885.6 and below same could see a test of 878.7 level And resistance is now likely to be seen at 905 a move above could see prices testing 917.5. Nickel on MCX settled down 0.48% at 892.4 on profit booking gained amid after recent signs the global economy is likely to avoid a sharper downturn. China s fiscal spending increased 15 percent during January-March from year ago levels to support economic growth and local governments quickened their bond issuance for key projects the finance ministry said.For the whole of 2018 fiscal spending...
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