Global nickel supply was 16,000 metric tons short of demand during the first four months of the year, the World Bureau of Metal Statistics said. This compared with a surplus of 16,100 tons for all of 2009. Nickel has touched a low of Rs 899.5 a kg after opening at Rs.899.5, and last traded at Rs 903.7.For today market is looking for the support at 900.3, a break below could see a test of 896.9 and where as resistance is now likely to be seen at 906.3, a move above could see prices testing 908.9.

Trading Ideas:

Nickel trading range is 896.9-908.9.

Global Nickel Market In 16,000 Ton Deficit In Jan-Apr - WBMS

Nickel is getting support at 887.20 and resistance is at 907.80

Spread between nickel JUN & JUL contracts traded in the range of 4.90 - 8.

BUY NICKEL JUNE ABV 912 SL 902 TGT 915.60-920-925.60.MCX