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Tuesday, 17 May 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 17 MAY 2016

Nickel trading range for the day is 572.3-595.7.
Nickel prices gained led by a recovery in crude prices and optimism over global growth prospects after company earnings boosted stocks.              
Taking the shine off the market, however, was Chinese data showing that factory output grew at 6 percent on an annual basis in April    
Nickel daily stocks at Shanghai exchange came up by 1529 tonnes.

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