BHP Billiton Ltd. said it has suspended its Nickel West Leinster operations after a worker was killed in an incident. Nickel has touched a low of Rs 1115.2 a kg after opening at Rs. 1115.2, and last traded at Rs 1142.1. For today market is looking for the support at 1123.5, a break below could see a test of 1105 and where as resistance is now likely to be seen at 1152.3, a move above could see prices testing 1162.6.

Trading Ideas:

Nickel trading range is 1105-1162.6.

BHP Billiton says operations at nickel West Leinster suspended

Nickel is getting support at 1136.80 and resistance is at 1147.60.

Jinchuan Group raised ex-works nickel prices by RMB 3,000/mt on April 12th

SELL NICKEL APR @ 1140 SL 1147.50 TGT 1136-1132.50-1126. MCX