Russia exported 173,900 metric tons of nickel in January-September, some 0.4% less than in January-September 2009, the federal customs service reported. Nickel has touched a low of Rs 1074.2 a kg after opening at Rs.1088, and last traded at Rs 1076.9.For today market is looking for the support at 1069.6, a break below could see a test of 1062.2 and where as resistance is now likely to be seen at 1088.9, a move above could see prices testing 1100.8.

Trading Ideas:

Nickel trading range is 1062.2-1100.8.

Russia Jan-Sep nickel exports -0.4% on year at 173,900 tons

Nickel is having resistance at 1088.90 and support at 1069.60 level.

Spread between nickel NOV & DEC contracts yesterday traded in the range of 8.00 - 11.2.