Nickel trading range for the day is 636.9-655.5. Nickel dropped tracking weakness from LME Nickel which settled down by 0.6% at $9,940 per tonne as ample supply seen in the market. The rebound in the base metals prices suggests underlying sentiment remains strong enough to encourage solid dip-buying. Technically market is under long liquidation as market has witnessed drop in open interest by -12.89% to settle at 19501.
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