U.S. nickel exports fell 45.8% in May from the previous month, but was up 128.9% from the previous year, the Commerce Department reported. Nickel has touched a low of Rs 904.1 a kg after opening at Rs.913, and last traded at Rs 905.For today market is looking for the support at 897.5, a break below could see a test of 890 and where as resistance is now likely to be seen at 919.1, a move above could see prices testing 933.2.

Trading Ideas:

Nickel trading range is 890-933.2.

U.S. nickel exports fell 45.8% in May but was up 128.9% from previous year

Nickel is getting support at 897.50 and resistance is at 911.60

Spread between nickel JUL & AUG contracts yesterday traded in the range of 5.20 - 6.5.