MTECHTIPS MCX NICKEL INTRADAY trading tips 27-04-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 27-04-2017

MTECHTIPS Nickel trading range for the day is 586-600.Nickel dropped on worries about demand from top consumer China after its trade data showed falling imports of the metal.Stock of nickel in LME warehouses at 379,338 tonnes account for about 20 percent of global consumption estimated at around 2 million tonnes this year. Chinas imports of nickel between Jan-March at 43,382 tonnes were down 60 percent from the same period last year.
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