EPIC RESEARCH MCX NICKEL UPDATE OF 30 MAY 2018

Nickel trading range for the day is 984.3-1035.1. Nickel prices gained as support seen from LME nickel which was up 1.6 percent at $15,015 on high downstream demand. China regions vow to step up pollution crackdown after central government probes. Long positions held by brokerages on the ShFE July nickel contract increased by around 5,000 lots to 117,911 lots, according to exchange data.

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