EPIC RESEARCH MCX Nickel UPDATE OF 26 October 2018

Nickel trading range for the day is 877.7-901.9.

* Nickel dropped amid anticipation of NPI supply increases and downstream consumption cuts and fears of a slowdown in global economic growth.

* The US dollar strengthened after European data signalled that economic growth could be waning across the eurozone.

* The services PMI in the US registered at a seasonally adjusted rate of 54.7 for the month of October, versus 53.5 in the previous month.


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