Brazilian miner Vale expects its Canadian nickel operations to return to full capacity by September following the end of a grueling strike at key facilities in Canada. The firm agreed on a new five-year contract with unionized workers at its Sudbury and Port Colborne nickel operations in early July, ending one of the longest and most acrimonious labour disputes in Canada's mining history. Nickel has touched a low of Rs 1019 a kg after opening at Rs.1019, and last traded at Rs 1026.2.For today market is looking for the support at 1020.6, a break below could see a test of 1015 and where as resistance is now likely to be seen at 1030.2, a move above could see prices testing 1034.2.

Trading Ideas:

Nickel trading range is 1015-1034.2.

Vale sees Canada nickel ops at full capacity soon

Nickel is getting support at 1020.60 and resistance is at 1030.20.

Spread between nickel AUG & SEP contracts yesterday traded in the range of 5.70 - 10.6.