MCX-Nickel movements in a sideways trend

MCX-Nickel movements in a sideways trend

by admin- Thursday, February 13th, 2020 07:42:27 AM

The spot rate of Nickel on the MCX keeps to take a sideways direction as it consolidates in the band between ₹930 and ₹970. Unless the contract breaches either of the bounds of this variety, the following leg of trend can not be confirmed. However, the fashion prior to the consolidation has been bearish and this will have an impact at the commodity fee going ahead.

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