Vale and union leaders at its Sudbury mining operations must resume talks aimed at ending a 10-month strike. Nickel has touched a low of Rs 938.7 a kg after opening at Rs. 955, and last traded at Rs 995.8. For today market is looking for the support at 954.5, a break below could see a test of 913.1 and where as resistance is now likely to be seen at 1021.4, a move above could see prices testing 1046.9.

Trading Ideas:

Nickel trading range is 913.1-1046.9.

Vale, Sudbury union ordered back to bargaining

Nickel is getting support at 1002.20 and resistance is at 987.80

Jinchuan Group cut ex-works nickel prices by RMB 10,000/mt on May 18th.

SELL NICKEL MAY BELOW 990 SL 1000 TGT 984.50-976-972. MCX