Nickel February contract on mcx inched 4.60 rupees up to settle at 869.20.
Metal couldnt breach key support of 860 during 3rd consecutive day and however it managed to close above the same. Today price objective for bears would be 860 any sustained move below that level would bring 850-840 and more down side. Resistance is now seen near 878 and any sustained move above that level would help it to jump towards 887-895 zones.
Trading range for the day is expected among the key support at 830 and resistance at 930.
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