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MCX nickel for May delivery is expected to trade sideways and traders are advised to take long position near 819 with the stop loss of 810.
"For intra-day, support for the commodity is seen at 823, while resistance at 832 and 838 levels. A moderate buying pressure is expected at lower levels,"
The trend in gold futures for June delivery on India's Multi Commodity Exchange (MCX) looks sideways to bullish and prices are expected to remain in the range of 26200 to 26500 for the day. Intra-day traders are advised to buy on dips.