Thursday 5 June 2014

CAPITAL STROKE UPDATE 6-June-2014 : MCX NICKEL




NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1155 R1-1140 S1-1110 S2-1095
Nickel settled down as pressure seen after news that Vale’s New Caledonian nickel output set to resume within 10 Days.European Central Bank lowered its benchmark interest rates from 0.25% to 0.15%, and lowered deposit interest rates to -0.1%.
Technically market is under fresh selling as market has witnessed gain in open interest by 0.21% to settled at 5851.

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