Friday, 11 April 2014

CAPITAL STROKE COMMODITY UPDATE 11 APRIL 2014 : MCX NICKEL




Nickel trading range for the day is 999.8-1055.2.
Nickel rose as investors raised bullish bets after signs of stress in Chinese stainless steel markets following a ban on exports from Indonesia.
Reduced supply of nickel pig iron could mean that China increases its use of the higher-grade refined metal, underpinning global prices.

Technically market is under fresh buying as market has witnessed gain in open interest by 13.57% to settled at 9480.

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