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Wednesday, 4 May 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 4 MAY 2016

Nickel trading range for the day is 611.6-657.8.
Nickel gained and is the only base metals that managed to finish in positive zone following renewed strength in the greenback and some disappointing economic data.      
Nickel prices have seen a little support on the expectations that the market will see a supply deficit this year.              
Nickel’s recent price fall triggered many miners to curb production.

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