CAPITAL STROKE COMMODITY UPDATE 30 MAY 2014: : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1145 R1-1130 S1-1105 S2-1090
Nickel prices ended with losses tracking weakness in LME prices weighed by opportunistic selling after recent gains.Falling initial jobless claims in the US last week were overshadowed by disappointing GDP growth in the country.The Commerce Department revised down its growth estimate to show that US GDP contracted at a 1% annual rate in Q1, worse than expectations.


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