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30-Nov2017

Nickel futures turn bearish on MCX

Nickel futures exhibited a bearish trend on MCX, as market players went on profit booking. The metal price also tumbled down on weaker dollar price amid growing volatility in international price of the metal.

The contract for November delivery was trading at Rs 720.00, down by 2.03% or Rs 14.90 from its previous closing of Rs 734.90. The open interest of the contract stood at 8895 lots.

The contract for December delivery was trading at Rs 724.00, down by 1.88% or Rs 13.90 from its previous closing of Rs 737.90. The open interest of the contract stood at 16842 lots on MCX.



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