CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 : : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1170 S1-1140 S2-1125.Nickel gained as support seen after report showed that US consumer confidence rose in May while and US durable goods orders rose 0.8% in April.Traders also continued to mull the likelihood that China would enact fresh stimulus measures to support its slowing economy.Technically market is under short covering as market has witnessed drop in open interest by -4.09% to settled at 6989.

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