November, 25, 2011 (01:40pm) :-
After 17 November, we inventory level
of Nickel continue on rise due to lack of demand & the Chinese slow
down due to the high inflection rate.
Surge in the inventory level providing downside slope in the technical charts in nickel.
Inventory levels recovered from the low of 83,320 tone to 86,286 tone in hand on market exchange.
MCX Nickel monthly future settlement next week. The prices of Nickel looking Continuously week or may be range of 870 - 940.
New demand occurs after the Christmas.
We expects that Nickel prices could be in of Rs 800 - Rs 1040 levels hill Feb. 2012 expiry.
Surge in the inventory level providing downside slope in the technical charts in nickel.
Inventory levels recovered from the low of 83,320 tone to 86,286 tone in hand on market exchange.
MCX Nickel monthly future settlement next week. The prices of Nickel looking Continuously week or may be range of 870 - 940.
New demand occurs after the Christmas.
We expects that Nickel prices could be in of Rs 800 - Rs 1040 levels hill Feb. 2012 expiry.
