Russia exported in January-February 31,600 metric tons of nickel, 10% less than in same two months of 2009, the federal customs service reported. Nickel has touched a low of Rs 1081.6 a kg after opening at Rs.1096, and last traded at Rs 1097.4.For today market is looking for the support at 1086.1, a break below could see a test of 1074.7 and where as resistance is now likely to be seen at 1104.3, a move above could see prices testing 1111.1.

Trading Ideas:

Nickel trading range is 1074.7-1111.1.

Russia exported in January-February 31,600 metric tons of nickel

Nickel is getting support at 1092.60 and resistance is at 1102.80.

Spread between nickel APR & MAY contracts yesterday traded in the range of 1.80 - 6.4.

NICKEL LOOK TO TRADE IN THE RANGE 1070-1105 LEVEL.