Nickel ended down 2.07% at INR907.80/kg as concern over Spain's debt position adds to euro zone fiscal crisis. Nickel has touched a low of Rs 903.2 a kg after opening at Rs.922.6, and last traded at Rs 907.8.For today market is looking for the support at 899.8, a break below could see a test of 891.8 and where as resistance is now likely to be seen at 919.2, a move above could see prices testing 930.6.

Trading Ideas:

Nickel trading range is 903.6-918.8.

Nickel ended down on concern over Spain's debt position

Nickel is getting support at 902.20 and resistance is at 914.60

Spread between nickel JUN & JUL contracts yesterday traded in the range of 2.40 - 5.8.

SELL NICKEL JUNE @ 918 SL 925 TGT 912-906-895.MCX