Sunday, 20 July 2014

CAPITAL STROKE UPDATE 21-July-2014 : MCX NICKEL



NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1155 R1-1140 S1-1110 S2-1100
Nickel settled down -3.45% as inventories tracked by the London Metal Exchange rose to a record.

Stockpiles have climbed 19 percent this year to 311,088 metric tons.

Also a drag on nickel, an Indonesian mining official said the country had resumed exports of metal ore concentrates, ending a six-month stoppage.

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