Talks between Brazilian miner Vale SA and the United Steelworkers union to end an 11-month-old strike at Vale's nickel operations in Ontario have been terminated, as the two sides were deadlocked. Nickel has touched a low of Rs 895 a kg after opening at Rs.917, and last traded at Rs 902.9.For today market is looking for the support at 892.9, a break below could see a test of 883 and where as resistance is now likely to be seen at 914.9, a move above could see prices testing 927.

Trading Ideas:

Nickel trading range is 883-927.

Vale, USW strike talks over fired employees end in deadlock

Nickel is getting support at 896.20 and resistance is at 907.80

Russia's Nickel output increased 3.3% on the year and 5.9% from April.

BUY NICKEL JULY ABV 904 SL 897 TGT 909-913.50-918.MCX