Nickel fell on the back of persistent worries about the health of the euro zone economy. Nickel yesterday traded with the negative node and settled -7.09% down at 877.7. In yesterday's trading session nickel has touched the low of 874.3 after opening at 940.9, and finally settled at 877.7. For today's session market is looking to take support at 852.2, a break below could see a test of 826.6 and where as resistance is now likely to be seen at 925.4, a move above could see prices testing 973. Spread between nickel JUN & JUL contracts yesterday ended at 4.70. Spread yesterday traded in the range of 1.10 - 4.7.

Trading Ideas:

Nickel trading range is 826.6-973.

Nickel fell on the back of persistent worries of euro zone economy

Nickel is getting support at 873.60 and resistance is at 884.80

Spread between nickel JUN & JUL contracts yesterday traded in the range of 1.10-4.70.

SELL NICKEL JUNE @ 905 SL 922 TGT 892-880-865.MCX