Cuba's unrefined nickel plus cobalt production appears to have been between 60,000 and 65,000 tonnes this year, the lowest in a decade Nickel has touched a low of Rs 878 a kg after opening at Rs.878, and last traded at Rs 880.8.For today market is looking for the support at 878.80, a break below could see a test of 876.90 and where as resistance is now likely to be seen at 881.80, a move above could see prices testing 882.90.

Trading Ideas:

Nickel trading range is 860-895.

Cuban Nickel Output Seen Lowest in a Decade

Support for nickel is seen at 875.40 and resistance at 884.40 level.

Spread between Nickel Dec & Jan contracts ended at 4.30.

BUY NICKEL DEC ABV 882 SL 876 TGT 886.50-890-894.50-898.80.MCX