Monday 30 June 2014

CAPITAL STROKE COMMODITY UPDATE30 JUNE 2014 : : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1120 S2-1105 
Nickel dropped as a surge in recorded stock levels and waning near-term concerns about global supply constrictions pressured prices.
The metal was also under pressure as immediate supply demand waned.

China reduced total imports of nickel ore to 4.1 million metric tonnes in May, from 7.3 million in January, according to customs data.

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