Nickel futures traded higher on MCX as speculators enlarged their holdings, tracking rising demand from alloy-makers and other consuming industries in the domestic spot market. The contract for July delivery was trading at Rs 633.50, up by 1.21% or Rs 7.60 from its previous closing of Rs 625.90. The open interest of the contract stood at 22698 lots.

The contract for August delivery was trading at Rs 637.80, up by 1.21% or Rs 7.60 from its previous closing of Rs 630.20. The open interest of the contract stood at 6629 lots on MCX.

For Equity Trading Tips click here http://www.ripplesadvisory.com/services.php