BHP Billiton Ltd. said it has halted output at its Kwinana nickel refinery in Western Australia due to a lack of hydrogen gas. Total output at BHP's Nickel West operations, including Kwinana in Western Australia stood at 59,400 metric tons of nickel for the six months to Dec. 31. Nickel has touched a low of Rs 1006 a kg after opening at Rs.1011.7, and last traded at Rs 1033.1.For today market is looking for the support at 1014.6, a break below could see a test of 996.1 and where as resistance is now likely to be seen at 1043, a move above could see prices testing 1052.9.

Trading Ideas:

Nickel trading range is 996.1-1052.9.

BHP Billiton Ltd. has halted output at its Kwinana nickel refinery

Nickel is getting support at 1027.20 and resistance is at 1039.80.

Spread between nickel MAR & APR contracts yesterday traded in the range of 0.50-3.10.

SELL NICKEL MAR @ 1035 SL 1043 TGT 1028-1022-1016.MCX