Jinchuan Group lifted nickel ex-works prices by RMB 3,000/mt to RMB 138,000/mt from RMB 132,000/mt on December 28th. Nickel has touched a low of Rs 885.3 a kg after opening at Rs. 890.3, and last traded at Rs 893.9.

For today market is looking for the support at 886.40, a break below could see a test of 878.90 and where as resistance is now likely to be seen at 900.20, a move above could see prices testing
906.50.

Trading Ideas:

Nickel trading range is 870-910.

Jinchuan group lifts nickel ex-works prices by RMB 3,000/mt

Support for nickel is seen at 889.20 and resistance at 897.60 level.

As per expectation nickel still look strong above 900 mark for target 945 level

BUY NICKEL DEC @885-890 SL 880 TGT 894.50-898.80- 902.50-905.MCX