Wednesday 25 June 2014

CAPITAL STROKE UPDATE 26-June-2014 : MCX NICKEL




NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1145 R1-1130 S1-1100 S2-1085
Nickel settled up recovered from day's low on surplus concerns after LME-refined nickel inventories rose by 0.3% to 305kt.
The US durable goods orders slipped unexpected in May, the first decline in four months, which may indicate that US economy recovered slower than expected.
Market look's that Indonesia’s mineral ore ban will likely remain in effect for the foreseeable future.

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