The prices in the nickel world market in December increased. The average price of cash metal at the LME at the last tenders has gone up. Nickel stocks at LME warehouses for the last month increased, Nickel has touched a low of Rs 783 a kg after opening at Rs.790, and last traded at Rs 790.7.For today market is looking for the support at 784.60, a break below could see a test of 778.50 and where as resistance is now likely to be seen at 795.10, a move above could see prices testing 799.50.

Trading Ideas:

NICKEL TRADING RANGE IS 770-810.

PRICES IN NICKEL WORLD MARKET IN DECEMBER INCREASED

AS PER EXPECTATION NICKEL MANAGED TO HOLD 790 LEVEL NOW LOOKS TOWADRS 813

BUY NICKEL DEC ABV 792 SL 786 TGT 797.50-801.20-805.50-812.MCX

RESISTANCE FOR NICKEL IS AT 795.20 AND SUPPORT IS AT 784.30.