MCX Nickel Under Fresh Buying

Technically MCX Zinc market is under fresh buying as market has witnessed gain in open interest by 5.79% to settled at 14188 while prices up 15 rupees.

Now MCX Nickel is getting support at 783.6 and below same could see a test of 777.3 level, And resistance is now likely to be seen at 797.6, a move above could see prices testing 805.3.

Nickel on MCX settled up 1.94% at 789.80 on fresh buying as Trade war relief for metals seen but bull-bear battle rages still on. The Chinese version of this weekend’s meeting, however, was curiously silent on the 90-day hiatus.

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