Cuba 09 unrefined nickel output at 70,100 tonnes:  Cuba's unrefined nickel plus cobalt production weighed in at 70,100 tonnes last year, down slightly from the 70,400 tonnes. Nickel has touched a low of Rs 869 a kg after opening at Rs.869, and last traded at Rs 873.5.For today market is looking for the support at 865.80, a break below could see a test of 858.10 and where as resistance is now likely to be seen at 884.30, a move above could see prices testing 895.10.

Trading Ideas:

Nickel trading range is 855-885.

Cuba 2009 unrefined nickel output at 70,100 tonnes

Support for nickel is seen at 868.80 and resistance at 877.60 level.

Spread between Nickel JAN & FEB contracts ended at 5.50.

SELL NICKEL DEC @ 878-880 SL 888 TGT 875.60-871.20-869.50-866.50-860.MCX