Tuesday, 3 June 2014

CAPITAL STROKE UPDATE 4-June-2014 : MCX NICKEL



NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1160 R1-1145 S1-1115 S2-1100
Nickel dropped after lacklustre factory data from China and Europe dented investor outlook on demand for the metal.
The final reading of the HSBC manufacturing purchasing managers' index posted a smaller decline than the preliminary reading announced in May.
Data from the Eurostat revealed Tuesday that the euro zone’s CPI declined to 0.5% in May in a sign that single currency bloc was still plagued with deflationary risks.

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