EPIC RESEARCH MCX NICKEL UPDATE OF 30 AUGUST 2016

Nickel trading range for the day is 655.4-663.6. Nickel gains rise in prices was mainly due to supply shortages after the suspension of operations at eight mines in the Philippines. U.S. economic growth was slightly more tepid than initially thought in the second quarter as businesses aggressively ran down inventories. Market waits on U.S. non-farm payrolls data later this week for further clues on the timing of any U.S. rate hike.
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