Friday 19 September 2014

CAPITAL STROKE UPDATE 19-September-2014 : MCX NICKEL



NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1115 R1-1100 S1-1070 S2-1065

Nickel dropped as signs of low U.S. inflation cut demand for commodities as a store of value.

US CPI fell 0.2% MoM in August, down for the first time since April 2013, due partlyto falling energy prices and the global economic slowdown.

New-house prices dropped in 68 of the state-tracked 70 cities in August from July,China’s statistics bureau said.

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