MCX Nickel April contract prices ended higher supported by firm equity market and weak US dollar. LME nickel LME nickel for delivery in three months opened at USD 25,500/mt and closed at USD 26,360/mt, up by USD 785/mt from a day earlier, with the highest price at USD 26,440/mt and the lowest price at USD 25,500/mt.
For today market is looking for the support at 1151.4, a break below could see a test of 1131 and where as resistance is now likely to be seen at 1196.2, a move above could see prices testing 1205.4.
For today market is looking for the support at 1151.4, a break below could see a test of 1131 and where as resistance is now likely to be seen at 1196.2, a move above could see prices testing 1205.4.
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