The nickel futures contract on the Multi Commodity Exchange (MCX) has surged over 4 percent in the past week. After hovering below ₹800/kg in the initial part of last week, the contract rallied sharply breaking above this psychological hurdle. It is currently trading at ₹826. The short-term outlook will remain bullish as long as the contract remains above ₹800. A rally to test the next key resis...
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