U. S. nickel imports rose 25.2% in July from last month, and was up 194.4% from the previous year, the Commerce Department reported. Nickel has touched a low of Rs 1058.5 a kg after opening at Rs. 1069.5, and last traded at Rs
1074.2. For today market is looking for the support at 1062.2, a break below could see a test of 1050.3 and where as resistance is now likely to be seen at 1082.4, a move above could see prices testing 1090.7.

Trading Ideas: Nickel trading range is 1050.3-1090.7. U. S. nickel imports rose 25.2% in July from last month Nickel is getting support at 1062.20 and resistance is at 1082.40. Yesterday we have seen that open interest rose by 427 and volume by 3208 lots