Nickel yesterday ended lower tracking weakness in LME prices despite rise in other base metal counters. Nickel has touched a low of Rs 887.2 a kg after opening at Rs.896.7, and last traded at Rs 894.For today market is looking for the support at 886.2, a break below could see a test of 878.3 and where as resistance is now likely to be seen at 902.9, a move above could see prices testing 911.7.

Trading Ideas:

Nickel trading range is 878.3-911.7.

Nickel yesterday ended lower tracking weakness in LME prices

Nickel is getting support at 888.20 and resistance is at 899.60

Spread between nickel JUL & AUG contracts yesterday traded in the range of 6.60 - 8.8.