MTECHTIPS MCX NICKEL INTRADAY trading tips 05-05-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 05-05-2017

Nickel trading range for the day is 567.2-602.6.Nickel dropped tracking weak LME prices following the decision by parliament in the Philippines to reject the appointment of an environment minister.The Philippine government will move forward with a second review of the countrys mines despite the removal of Regina Lopez as environment minister.Lopez will no longer be in a position to suspend about 8 percent of global nickel supply, Goldman Sachs said.
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