Yesterday the LME nickel stock was -174 against the previous of -60 Nickel has touched a low of Rs 872.1 a kg after opening at Rs .886, and last traded at Rs 875.8.For today market is looking for the support at 868.70, a break below could see a test of 861.60 and where as resistance is now likely to be seen at 886.20, a move above could see prices testing 896.70.


Trading Ideas

TRADING RANGE IS 862-897.
BUY NICKEL ABV 885 SL 878 TGT 889-896-904-908. MCX
MARKET IS MIXED IN THE RANGE 860-912
REMEMBER AFTER EXPIRTY NICKLE TARGET IS 680 ON MCX