Thursday, 22 May 2014

CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014: : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1125 S2-1110
Nickel dropped on profit booking and extended weakness amid a weak trend in global markets and subdued demand
High nickel stocks unlikely to bring rally to an end

London Metal Exchange nickel inventories have increased 7 percent since Jan. 12, when Jakarta slapped on the ban.

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