Monday, 4 August 2014

CAPITAL STROKE UPDATE 5-August-2014 : MCX NICKEL



NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1155 R1-1145 S1-1115  S2-1100
Nickel gains tracking firmness in other base metals boosted by some strong economic data.

Nickel inventories are hitting record highs as hidden stocks leave China following a fraud probe at Qingdao's port, showing supplies are plentiful.

Investors have bet on shortages developing after Jakarta banned unprocessed ore exports, spurring a rally of 56% from the start of the year.

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