Nickel traded range bound due to limited cues as US and UK markets were closed yesterday. Nickel has touched a low of Rs 980 a kg after opening at Rs.987, and last traded at Rs 988.7.For today market is looking for the support at 981.3, a break below could see a test of 973.9 and where as resistance is now likely to be seen at 994.8, a move above could see prices testing 1000.9.

Trading Ideas:

Nickel trading range is 973.9-1000.9.

Nickel yesterday traded range bound due to limited cues

Nickel is getting support at 984.80 and resistance is at 993.60

Spread between nickel JUN & JUL contracts yesterday traded in the range of 0.00 - 5.

WAIT FOR FRESH ENTRY IN NICKEL. IMP SUPPORT IS AT 974.