Nickel yesterday traded with the positive node and settled 0.4% up at 1277.3. Some support had been seen from the LME stock also which came down by -888mt, the total stock at LME is now at 134298mt. In yesterday's trading session nickel has touched the low of 1271.2 after opening at 1279.1, and finally settled at 1277.3. For today's session market is looking to take support at 1270, a break below could see a test of 1262.7 and where as resistance is now likely to be seen at 1285.8, a move above could see prices testing 1294.3.

Trading Ideas:

Nickel trading range is 1262.7-1294.3.

Nickel ended higher getting support from LME nickel market

Nickel looks to take support at 1262 and resistance is at 1288 level

Spread between nickel FEB & MAR contracts yesterday traded in the range of 4.50 - 5.2.

NICKEL IS DUE FOE CORRECTION A BREAK BELOW 1265 CAN TEST 1238 & BELOW.

YESTERDAY LME STOCK FOR NICKEL CAME DOWN  BY -270