Published on 2009-07-28 09:32:32
Singapore - India MCX July nickel futures likely up on technical buying after contract settled at new high of INR808.80/kg yesterday, says STCI Commodities trader Kapil Gandhi. Adds, "prices look firm on the weekly chart after a close above the crucial resistance of INR800, and the rally could extend further on buying." Other metals also likely up tracking firm LME; zinc last closed at INR81.20/kg, aluminum at INR87.05/kg, while lead settled at INR85.20/kg.
http://www.moneycontrol.com/commodity/comm_news.php?autono=103011&type=MKT
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