Monday 2 June 2014

CAPITAL STROKE UPDATE 2-June-2014 : MCX NICKEL



NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1175 R1-1160 S1-1130 S2-1115 .Nickel ended with gains as support continued to be seen on persistent concerns about a supply shortage.New Caledonian authorities will allow mining giant Vale to restart nickel mining activities after suspending operations at the $6 billion plant.Technically market is under fresh buying as market has witnessed gain in open interest by 80.13% to settled at 5548.


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