Nickel trading range for the day is 787.6-823.6.Nickel dropped on long liquidation after the update from Goldman Sachs said it sees more risks to the upside than the downside for metals demand in China.Nickel price is forecast to rise in mid-January to February next year due to shorter ore supply and better stainless steel demand. A major nickel pig iron (NPI) producer in East China has arranged maintenance for its furnaces, which is estimated to last for at least one month.

For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664