Thursday 21 August 2014

CAPITAL STROKE UPDATE 22-August-2014 : MCX NICKEL



NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1170 R1-1155 S1-1125 S2-1110
Nickel prices dropped due to risk aversion before Fed Chair Yellen’s speech due on Friday and downbeat China manufacturing PMI.

Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated.

US initial jobless claims for the week ending on August 15 came in at 298,000, fewer than the expected 300,000

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