Nickel ended lower due to chart-based selling and tracking weakness in international market. Nickel has touched a low of Rs 912.5 a kg after opening at Rs. 965, and last traded at Rs 939.9. For today market is looking for the support at 913.3, a break below could see a test of 886.6 and where as resistance is now likely to be seen at 965.8, a move above could see prices testing 991.6.

Trading Ideas: Nickel trading range is 886.6-991.6. Nickel ended lower due to chart-based selling and tracking weakness in LME Nickel is getting support at 932.20 and resistance is at 947.60 Spread between nickel JUN & JUL contracts yesterday traded in the range of -5.00 - 4.2. NICKEL WAIT TO TAKE POSITION BELOW 970 LOOK WEAK TO TEST 905 LEVEL.