MCX Nickel under long liquidation Support seen at 1091.2
India, Nov. 19 -- Technically Nickel market is under long liquidation as market has witnessed drop in open interest by 1. 88% to settled at 7107 while prices down 11.8 rupees.Now MCX Nickel is getting support at 1091.2 and below same could see a test of 1084 levels and resistance is now likely to be seen at 1108.8 a move above could see prices testing 1119.2.Nickel on MCX settled down 1.06% at 1098.5 as supply concerns eased while worries about demand intensified on falling stainless steel prices.The world's top nickel ore exporter Indonesia exported $97.4 million worth of nickel ore and nickel products in October up 10% from a month earlier data from the country's statistics agency (BPS) showed.Indonesia's coordinating minister who oversee...
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