CAPITAL STROKE COMMODITY UPDATE 23 MAY 2014: : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1120
Nickel gained tracking firmness in LME nickel prices as upbeat US PMI and home sales data drove up nickel prices.
HSBC's May PMI for China was 49.7, but topped expectations, a signal that China's manufacturing is improving.

The US existing home sales for April were slightly lower than forecast, but improving regional manufacturing data too supported.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704