Wednesday, 4 June 2014

CAPITAL STROKE UPDATE 5-June-2014 : MCX NICKEL



NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1120 S2-1105
Nickel rose as the shutdown added to mounting global supply concern after Indonesia, banned ore shipments earlier this yearDemand for refined nickel will exceed supply by 36,000 tons this year and 131,000 tons in 2015.

US ADP's May employment in the private sector was 179,000, lower than expectations, while April's figures were revised from 220,000.

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