Mediated talks aimed at ending a nearly 11-month-old strike at Vale's Sudbury operations have been adjourned until June 19, but the two sides made progress during the talks and will continue to discuss certain issues in the interim. Nickel has touched a low of Rs 880 a kg after opening at Rs.900, and last traded at Rs 888.For today market is looking for the support at 872.8, a break below could see a test of 857.5 and where as resistance is now likely to be seen at 910.5, a move above could see prices testing 932.9.

Trading Ideas:

Nickel trading range is 857.5-932.9.

Vale Sudbury mediated talks to resume June 19

Nickel is getting support at 882.20 and resistance is at 894.80

Yesterday we have seen that open interest rose by 177 and volume fell by 2280

SELL NICKEL JUNE @ 895-898 SL 912 TGT 886-882.50-874.MCX