Anglo-Swiss miner Xstrata Plc said it has reached a tentative deal with union workers at its nickel mining operations in Sudbury, Canada, averting a strike. Nickel has touched a low of Rs 831.6 a kg after opening at Rs. 857.3, and last traded at Rs 835.9. For today market is looking for the support at 824.10, a break below could see a test of 812.40 and where as resistance is now likely to be seen at 855.10, a move above could see prices testing 874.20.

Trading Ideas:

Nickel trading range is 820-850.

Xstrata reaches deal with Sudbury nickel miners

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Nickel is getting resistance at 839.60 and support at 830.80.

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