CAPITAL STROKE UPDATE 17-September-2014 : MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1135 R1-1125 S1-1100 S2-1090

Nickel recovered from lows after a report that China’s central bank intensified stimulus measures to support growth, boosting demand prospects

China will reportedly execute RMB 500 billion in standing lending facility, meaning deposit reserve ratio will fall by 0.5 percentage point.

China’s factory output grew at the weakest pace since the global financial crisis and retail sales growth moderated, government data showed Sept. 13


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