Nickel fell sharply as investors sold metals, shunning risky assets in favor of safe havens like gold and the dollar. Nickel has touched a low of Rs 935.3 a kg after opening at Rs.971, and last traded at Rs 948.7.For today market is looking for the support at 932.3, a break below could see a test of 916 and where as resistance is now likely to be seen at 968, a move above could see prices testing 987.4.

Nickel trading range is 916-987.4.

Nickel fell sharply as investors sold metal shunning risky assets in favor of safe havens

Nickel is getting support at 942.80 and resistance is at 954.20

Spread between nickel MAY & JUN contracts yesterday traded in range of -1.00 - 4.8.

BUY NICKEL MAY ABV 950 SL 944 TGT 956-962-967.MCX