CAPITAL STROKE COMMODITY UPDATE 1 JULY 2014 : : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1115 .Nickel rose after US existing home sales released overnight hit a four-year high, and the US dollar index plunged below 80 due to Fed officials' statement.Prices have also been well supported in recent weeks by data showing improvements in the Chinese manufacturing sectorTechnically market is under fresh buying as market has witnessed gain in open interest by 67.89% to settled at 5982.

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