Monday 8 September 2014

CAPITAL STROKE UPDATE 9-September-2014 : MCX NICKEL


NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1225 R1-1215 S1-1185 S2-1160

Nickel prices climbed amid concern that ore shipments from the Philippines will drop.

LME nickel prices outperformed other base metals and pointed toward USD 20,000/mt during the Mid-Autumn Day Festival.

US non-farm employment data was sluggish, but US July consumption credit unexpectedly increased by USD 26.01 billion.

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