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Mcx Nickel Trend :- At LME, Nickel extended the previous session gains on Friday strongly supported by the tangible outcome from EU summit and the tightness in the nickel ore supply. snapped earlier two session losses and surged by 1.3% at $16425 per tonne on Thursday. Nickel if it breaches Rs. 929 per kg then it is likely to find next support at Rs.918 per kg and resistance at Rs. 944 per kg and Rs. 948 per kg.
Mcx copper trend and updates :- Copper is likely to ease during the morning session on Monday, 2nd July after obtaining huge gains in the precious session. The contraction in the manufacturing activity of China, the major metal consumer for the month of June might quash the earlier gains. Copper is likely to find support at Rs. 429 per kg and Rs. 426.3 per kg and resistance atRs. 432.6 per kg and Rs. 435 per kg.
Nickel Trend Today :- At LME, Nickel extended the previous session gains on Friday strongly supported by the tangible outcome from EU summit and the tightness in the nickel ore supply. snapped earlier two session losses and surged by 1.3% at $16425 per tonne on Thursday. Nickel if it breaches Rs. 929 per kg then it is likely to find next support at Rs.918 per kg and resistance at Rs. 944 per kg and Rs. 948 per kg.
MCX Tips For today :- Gold on every bounce around Rs 29,750 per 10 grams with a stop loss of Rs 29,900 per 10 grams for a target of anywhere between Rs 29,600 to Rs 29,500 per 10 grams.
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