Nickel yesterday traded with the positive node and settled 4.12% up at 932.3. Some support had been seen from the LME stock also which came down by -378mt, the total stock at LME is now at 165084mt. In yesterday's trading session nickel has touched the low of 890.2 after opening at 892.5, and finally settled at 932.3.

For today's session market is looking to take support at 903.4, a break below could see a test of 874.5 and where as resistance is now likely to be seen at 948, a move above could see prices testing 963.7.

Trading Ideas:

Nickel trading range is 874.5-963.7.

Nickel yesterday jumped more than 4% on supply concern and industrial demand emerges.

Nickel prices on the LME are on the move again, but this time rallying to a 4month

Nickel above 926 look to hold its support for resistance at 956 level.

BUY NICKEL FEB ON PULL BACK @ 910-916 SL 900 TGT 924-929-936-945.MCX

YESTERDAY LME STOCK FOR NICKEL CAME DOWN BY -378