Nickel extended gains for fourth straight session on fresh technical buying and demand from stainless steel industries. Nickel has touched a low of Rs 888.1 a kg after opening at Rs. 889.5, and last traded at Rs 899.1. For today market is looking for the support at 888.60, a break below could see a test of 878.20 and where as resistance is now likely to be seen at 908.90, a move above could see prices testing 918.80.

Trading Ideas:

NICKEL TRADING RANGE IS 880-920.

NICKEL EXTENDED GAINS ON FRESH TECHNICAL BUYING AND DEMAND FROM STAINLESS STEEL INDUSTRIES

SUPPORT FOR NICKEL IS SEEN AT 893.60 AND RESISTANCE AT 904.80 LEVEL.

AS PER EXPECTATION NICKEL STILL LOOK STRONG ABV 900 MARK FOR TGT 945 LEVEL

BUY NICKEL DEC ABV 902.50 SL 892 TGT 908.50-914.20-918-926. MCX