Talks between Brazilian miner Vale SA and the United Steelworkers labor union to end an 11-month-old strike at Vale's nickel operations in Ontario, Canada, are stretching into their seventh day Friday. Nickel has touched a low of Rs 917.6 a kg after opening at Rs.919, and last traded at Rs 918.2.For today market is looking for the support at 917, a break below could see a test of 915.8 and where as resistance is now likely to be seen at 920, a move above could see prices testing 921.8.

Trading Ideas:

Nickel trading range is 915.8-921.8.

Vale, union talks to end nickel strike enter seventh day

Nickel is getting support at 912.20 and resistance is at 924.80

Spread between nickel JUN & JUL contracts yesterday traded in the range of 5.50 - 8.8.

BUY NICKEL JUNE @ 910-913 SL 900 TGT 917.50-924-929.50.MCX