Nickel yesterday traded with the positive node and settled 2.08% up at 1027.8. In yesterday's trading session nickel has touched the low of 1006 after opening at 1007.9, and finally settled at 1027.8.

 For today's session market is looking to take support at 1012.4, a break below could see a test of 997 and whereas resistance is now likely to be seen at 1036.8, a move above could see prices testing 1045.8.          

Trading Ideas:

Nickel trading range is 990.1-1038.9.

Nickel yesterday ended higher tracking rise in LME prices

Nickel is getting support at 1018 and resistance is at 1034.

Spread between nickel AUG & SEP contracts yesterday traded in the range of 2.30 - 7.5.

BUY NICKEL AUG @ 1018-1020 SL 1010 TGT 1026.20-1034-1040.MCX

YESTERDAY LME STOCK FOR NICKEL CAME DOWN  BY -420