Tuesday 26 August 2014

CAPITAL STROKE UPDATE 26-August-2014 : MCX NICKEL



NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1155 R1-1140 S1-1115 S2-1105

Nickel held on to a slight gains as hopes for a potential stimulus package from China offset pressure from weaker-than-expected US home-sales data.

Prices seen some pressure after data showed German IFO business climate index was reported at 106.3 in August, missing expectations.

China Conference Board's July leading economic indicators and US major economic data will be released today, which are expected to be mixed.

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