Nickel Price Chart And Analysis

Nickel or Ni is a metal discovered by Axel Fredrik Cronstedt on the year 1751. It has been used since ancient times but has not been isolated since 1751. Artrifacts with Nickel has been found dating back to 5000 B.C. It is an important component of coins since early 19th century. Find below Nickel price, chart and technical analysis.

Nickel Price Support And Resistance

Nickel Futures Daily Candlestick Chart

The chart above the daily candles will update automatically with Nickel price movements. To see updated charts you need to refresh the page manually.

Nickel is a silvery white metal. It is fairly good conductor of heat and electricity. It is quite dudtile and can be beaten into thin sheets. It exhibits a good shine or glow and Nickel is harder than iron. Nickel also has a ferromagnetic nature. Nickel is highly resistant to corrosion and used for electroplating and to make Nickel alloys.

Nickel is used in:
1) Stainless Steel
2) Coinage
3) Corrosion-resistance alloys
4) Nickel plating
5) Vaults
6) Nickel-Cadmium batteries

Nickel is also widely traded in MCX exchange under the base metal category. It is very popular trading instrument in commodity traders due to its huge volatility and price range. Both Nickel and Nickel Mini variation is available in MCX for trading.

Intraday traders plays for as high as 10-20 points Nickel price movement. The trading unit of Nickel is 250 kgsand of Nickel Mini is 100 kgs. That means the lot size of Nickel is 250 and that of Nickel Mini is 100. If a trader can pull out 10 points a day from Nickel he can easily make out Rs. 2500 per lot per trade.

Like other commodities Nickel should also be traded at morning session between 10AM – 1PM in MCX and between 6PM – 9PM in the evening. Zerodha needs a NRML margin of 10000 (approx) and MIS margin of 5000 (approx) for trading Nickel.

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