AHMEDABAD (Commodity Online): Among all base metal complex, Nickel maintained firm uptrend tracking positive demand outlook and improved Euro debt issue.
In ongoing week, MCX Nickel futures boost up from 983 levels to 1017 levels which is very firm momentum of almost 30 rupees.
Nickel price is supported by increase in industry demand. Continuous decrease in stockpiles at London Metal Exchange, which supported Nickel futures to trade upbeat, informed Amrita Mashar analyst with Commodity Online.
MCX Nickel January delivery contract rose by 1.10 percent to 1017 rupees per kilogram with total volume of 24620 lots at 6 pm IST.
Support for MCX Nickel January contract is seen at 990 while resistance is seen at 1025 rupees.
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