Thursday, January 13, 2011

MCX Nickel Outlook- Likely to touch 1200 Mark

Nickel succeeded in rising constantly from last few weeks by taking strong support at 1100, as investor’s regained confidence to purchase the commodity once again after the extensive decline in earlier month. 
On Thursday, at MCX counter Nickel January delivery contract rose to 0.46 percent and tested new high at 1173 in morning trades.  Nickel price may test 1200 after commencement of US production price Index numbers. Nickel is one of the promising metals for healthy profit in coming months as it is likely to get affected by continuous rise in the steel price. 

Keep Visiting MCX Tips Blog  to get daily Free Commodity Updates.


Posted By Commodity MCX Tips