CAPITAL STROKE COMMODITY UPDATE 2 JULY 2014 : : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1180 R1-1165 S1-1135 S2-1115. Nickel prices seen supported and ended with small gains as China’s official PMI in June leveled with market expectations.Prices also seen supported as the US dollar index hovered below 80 as US manufacturing index fell short of market expectationsJune Markit’s manufacturing PMI for the US and ISM manufacturing PMI both fell short of forecast and dropped from the previous month.

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