U. S. nickel exports fell 56.8% in October from the previous month, but was up 73.8% from the previous year and nickel imports fell 3.2% in October from last month, and was down 14.4% from the previous year, the Commerce Department reported.

Nickel has touched a low of Rs 778 a kg after opening at Rs. 778, and last traded at Rs 782.4. For today market is looking for the support at 778.90, a break below could see a test of 775.40 and where as resistance is now likely to be seen at 784.90, a move above could see prices testing 787.40.

Trading Ideas:

NICKEL TRADING RANGE IS 745-790.

U. S. NICKEL IMPORTS FELL 3.2% IN OCTOBER FROM LAST MONTH

BUY NICKEL DEC @ 768-770 SL 763 TGT 774.80-779.20-783.50.MCX

SPREAD BETWEEN NICKEL DEC & JAN CONTRACTS YESTERDAY ENDED AT 5.10.

RESISTANCE FOR NICKEL IS AT 784.80 AND SUPPORT IS AT 775.30.