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MCX:NICKEL 

MCX:NICKEL
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MCX:NICKEL Long Term Analysts Rating
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0/5 (0 Ratings)
MCX:NICKEL Price *
971 -32.8 (-3.27%)
* (quote may be delayed)

Find answers to all your questions on live MCX:NICKEL message board: Is MCX:NICKEL buy or sell? Should I buy MCX:NICKEL shares? Why are MCX:NICKEL shares falling? Should I invest in MCX:NICKEL stock?


MCX:NICKEL Discussion Forum

Nick -4-15-3+8+10+30
Total 26
Profit 39000/- 💘
1
reply
Reply
ASHISH SHAH
 • 
MCX:NICKEL
•
Yesterday 5:19 AM
@ashishjshah • Reputation: -2,556
NICKEL 31JAN20 FUT
Type
Buy
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹972.5
Price@Trade
₹973
Target Price
₹1,050
Stop Price
₹965
Valid Till
Jan 31, 2020 11:45 PM
Margin
₹135,679.75 approx for 1500 Qty
Status
Active
Like
reply
Reply (1)
Latest replies
TrackerBot @trackerbot
•
Yesterday 5:20 AM
Update
Trade Entered
Entry Price
₹972.5
Wall Times
 • 
MCX:NICKEL
•
Yesterday 5:16 AM
@walltimes • Reputation: 2,626
Nickel 969.90......hope Rakesh bhai is happy to see our prediction and analysis.
Guys......our much lower level done. Don't hold over weekend.
1
reply
Reply
Wall Times
 • 
MCX:NICKEL
•
Yesterday 3:36 AM
@walltimes • Reputation: 2,626
We post a sell call of nickel at 980 which got deleted by mistake and SL hit. We take responsibility.
3
reply
Reply (8)
Latest replies
Wall Times  @walltimes
•
Yesterday 3:38 AM
Rakesh bhai had objection on it. So we declare it and it's pretty down after that.
PRASANTHhitit @prasanthhitit
•
Yesterday 3:40 AM
Is there anymore call today or positional?
Wall Times  @walltimes
•
Yesterday 3:42 AM
No sleep peacefully. We did enough today. let's take fresh view on Monday.
PRASANTHhitit @prasanthhitit
•
Yesterday 3:46 AM
Why did nickel free fall?
Wall Times  @walltimes
•
Yesterday 4:08 AM
There are a lot of news on nickel. Like nickel digital hold fund etc. It's down beacuse it was overbought. Profit booking and demand slow down and over storage
The Inside Guy in MCX-NICKEL
NICKEL 31JAN20 FUT
Trade entered: Sell NICKEL 31JAN20 FUT @1004.9 ...
975 (+30) target done
Profit 45000/- target booked
💘
6
reply
Reply (4)
Latest replies
FAISAL PARI @faisalpari
•
Yesterday 2:45 AM
Wooo, great ....good level
The Inside Guy @Technicalcasinoclub
•
Yesterday 2:46 AM
FAISAL PARI @faisalpari
•
Yesterday 2:47 AM
4 days back, I told u na, u r the only one person giving a good level calle in frontpage, others just give buy or sell.
Also, mayur saxena he is also giving good level of crude.
Appreciated u sir,....god bless u
Noni @noni
•
Yesterday 2:52 AM
🤺🤺🤺🤺🤺
NICKEL 28FEB20 FUT
Type
Buy
Instrument
NICKEL 28FEB20 FUT
Entry Price
₹967  ₹966
Price@Trade
₹965.9
Target Price
₹1,000
Stop Price
₹950
Valid Till
Feb 28, 2020 11:45 PM
Margin
₹127,545.5 approx for 1500 Qty
Status
Active
Like
reply
Reply (2)
Latest replies
The Inside Analytics @MastersOfEconomics
•
Yesterday 2:40 AM
Update
Entry Price Modified
Price @ Update
₹966
Original Entry Price
₹967
New Entry Price
₹966
TrackerBot @trackerbot
•
Yesterday 2:41 AM
Update
Trade Entered
Entry Price
₹966
ASHISH SHAH
 • 
MCX:NICKEL
•
Yesterday 2:39 AM
@ashishjshah • Reputation: -2,556
NICKEL 31JAN20 FUT
Type
Buy
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹977
Price@Trade
₹977.1
Target Price
₹1,050
Stop Price
₹970
Valid Till
Jan 31, 2020 11:45 PM
Margin
₹135,747.25 approx for 1500 Qty
Status
Exited
Exit Price
₹983
Net P&L
6.63% Profit
Like
reply
Reply (2)
Latest replies
TrackerBot @trackerbot
•
Yesterday 2:40 AM
Update
Trade Entered
Entry Price
₹977
ASHISH SHAH @ashishjshah
•
Yesterday 3:15 AM
Update
Exited
Exit Price
₹983
Net P&L
6.63% Profit
Wall Times
 • 
MCX:NICKEL
•
Yesterday 2:36 AM
@walltimes • Reputation: 2,626
Hello people....nickel next stop is 960 and below. Be caefull.
Don't go long until uptrend resumes.
Like
reply
Reply
M
NICKEL 31JAN20 FUT
Type
Sell
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹977.5
Price@Trade
₹977.5
Target Price
₹960
Stop Price
₹983
Valid Till
Jan 27, 2020 11:45 PM
Margin
₹135,764.13 approx for 1500 Qty
Status
Stoploss Hit
Net P&L
-6.08% Loss
Like
reply
Reply (1)
Latest replies
TrackerBot @trackerbot
•
Yesterday 3:16 AM
Update
Stoploss Hit
StopLoss
₹983
ASHISH SHAH
 • 
MCX:NICKEL
•
Yesterday 2:12 AM
@ashishjshah • Reputation: -2,556
NICKEL 31JAN20 FUT
Type
Buy
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹981
Price@Trade
₹981
Target Price
₹1,050
Stop Price
₹972
Valid Till
Jan 31, 2020 11:45 PM
Margin
₹135,829.75 approx for 1500 Qty
Status
Exited
Exit Price
₹982.8
Net P&L
1.99% Profit
Like
reply
Reply (1)
Latest replies
ASHISH SHAH @ashishjshah
•
Yesterday 3:16 AM
Update
Exited
Exit Price
₹982.8
Net P&L
1.99% Profit
The Inside Guy in MCX-NICKEL
NICKEL 31JAN20 FUT
Trade entered: Sell NICKEL 31JAN20 FUT @1004.9 ...
978(+27) profit 40000/- near to target
Big boy toy 🤑
Like
reply
Reply
Wall Times
 • 
MCX:NICKEL
•
Yesterday 2:04 AM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
I want to see nickel breaking below 990 and hea...
Seen.....done. 978.
Thee is nothing infinite. View closed.
2
reply
Reply
PAUL
 • 
MCX:NICKEL
•
Yesterday 2:01 AM
@Paul06 • Reputation: -1,568
PAUL in MCX-NICKEL
Weekly outlook Nickel 4hrs closing Above Buy...
Put the tgt 968
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reply
Reply
Wall Times
 • 
MCX:NICKEL
•
Yesterday 2:00 AM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
983.....coming sooon.
Achieved........
Like
reply
Reply
S
Shubh
 • 
MCX:NICKEL
•
Yesterday 1:41 AM
@shubh-rJwKLx1R4 • Reputation: -956
NICKEL 31JAN20 FUT
Type
Sell
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹987
Price@Trade
₹986
Target Price
₹977
Stop Price
₹997
Valid Till
Jan 24, 2020 11:45 PM
Margin
₹135,931 approx for 1500 Qty
Status
Target Achieved
Net P&L
11.04% Profit
Like
reply
Reply (2)
Latest replies
TrackerBot @trackerbot
•
Yesterday 1:44 AM
Update
Trade Entered
Entry Price
₹987
TrackerBot @trackerbot
•
Yesterday 2:30 AM
Update
Target Achieved
Target
₹977
Ashish Tiwari
 • 
MCX:NICKEL
•
Yesterday 1:40 AM
@sifm • Reputation: 1,294
NICKEL 31JAN20 FUT
Type
Sell
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹988
Price@Trade
₹986.7
Target Price
₹978
Stop Price
₹998
Valid Till
Jan 24, 2020 11:45 PM
Status
Exited before entry
Like
reply
Reply (1)
Latest replies
Ashish Tiwari @sifm
•
Yesterday 2:00 AM
Update
Exited before entry
Price @ Update
₹982.3
NICKEL 31JAN20 FUT
Type
Sell
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹987.9
Price@Trade
₹987.9
Target Price
₹960
Stop Price
₹992
Valid Till
Jan 31, 2020 11:45 PM
Margin
₹135,959.13 approx for 1500 Qty
Status
Exited
Exit Price
₹980.8
Net P&L
7.83% Profit
Like
reply
Reply (1)
Latest replies
MAGIC OF INTRA (MCX EXPRT @magicofintra
•
Yesterday 2:09 AM
Update
Exited
Exit Price
₹980.8
Net P&L
7.83% Profit
NICKEL 31JAN20 FUT
Type
Sell
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹987.9
Price@Trade
₹987.9
Target Price
₹960
Stop Price
₹992
Valid Till
Jan 31, 2020 11:45 PM
Margin
₹135,959.13 approx for 1500 Qty
Status
Exited
Exit Price
₹980.8
Net P&L
7.83% Profit
Like
reply
Reply (1)
Latest replies
MAGIC OF INTRA (MCX EXPRT @magicofintra
•
Yesterday 2:09 AM
Update
Exited
Exit Price
₹980.8
Net P&L
7.83% Profit
NICKEL 31JAN20 FUT
Type
Sell
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹987.9
Price@Trade
₹987.9
Target Price
₹960
Stop Price
₹992
Valid Till
Jan 31, 2020 11:45 PM
Margin
₹135,959.13 approx for 1500 Qty
Status
Exited
Exit Price
₹980.8
Net P&L
7.83% Profit
Like
reply
Reply (1)
Latest replies
MAGIC OF INTRA (MCX EXPRT @magicofintra
•
Yesterday 2:09 AM
Update
Exited
Exit Price
₹980.8
Net P&L
7.83% Profit
ASHISH SHAH
 • 
MCX:NICKEL
•
Yesterday 12:46 AM
@ashishjshah • Reputation: -2,556
NICKEL 31JAN20 FUT
Type
Buy
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹986.5
Price@Trade
₹986.5
Target Price
₹1,050
Stop Price
₹975
Valid Till
Jan 31, 2020 11:45 PM
Margin
₹135,932.88 approx for 1500 Qty
Status
Stoploss Hit
Net P&L
-12.69% Loss
Like
reply
Reply (1)
Latest replies
TrackerBot @trackerbot
•
Yesterday 5:13 AM
Update
Stoploss Hit
StopLoss
₹975
Wall Times
 • 
MCX:NICKEL
•
Yesterday 12:21 AM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
983.....coming sooon.
984.30......we almost hit. That's the power of analysis. Thank you all.
Your love and appreciation of our motivation.
My lovely 96 followers. Thanks for your trust and belief
2
reply
Reply
NICKEL 28FEB20 FUT
Type
Buy
Instrument
NICKEL 28FEB20 FUT
Entry Price
₹972  ₹970.2
Price@Trade
₹971.4
Target Price
₹1,100
Stop Price
₹950
Valid Till
Feb 28, 2020 11:45 PM
Margin
₹127,613 approx for 1500 Qty
Status
Active
Like
reply
Reply (2)
Latest replies
The Inside Analytics @MastersOfEconomics
•
Yesterday 12:17 AM
Update
Entry Price Modified
Price @ Update
₹970.2
Original Entry Price
₹972
New Entry Price
₹970.2
TrackerBot @trackerbot
•
Yesterday 12:19 AM
Update
Trade Entered
Entry Price
₹970.2
MCX:NICKEL - chart - 556081
Nickel market pulse chart
Support 985??? 🤔🤔
1
reply
Reply
Wall Times
 • 
MCX:NICKEL
•
Yesterday 11:56 PM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
988....stay tuned....
987.30
Like
reply
Reply
The Inside Guy in MCX-NICKEL
NICKEL 31JAN20 FUT
Trade entered: Sell NICKEL 31JAN20 FUT @1004.9 ...
988 (+17) profit 25500/- 🤑🤑
2
reply
Reply
Wall Times
 • 
MCX:NICKEL
•
Yesterday 11:54 PM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
I want to see nickel breaking below 990 and hea...
988....stay tuned....
Like
reply
Reply (3)
Latest replies
PRASANTHhitit @prasanthhitit
•
Yesterday 11:54 PM
Can I enter now ?
Wall Times  @walltimes
•
Yesterday 11:55 PM
No
Wall Times  @walltimes
•
Yesterday 11:55 PM
You missed it
Wall Times
 • 
MCX:NICKEL
•
Yesterday 11:50 PM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
Sell nickel......2002.5 for 997/993. Keep SL 10...
Fully done and much lower.
Like
reply
Reply
Wall Times
 • 
MCX:NICKEL
•
Yesterday 11:50 PM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
I want to see nickel breaking below 990 and hea...
983.....coming sooon.
Like
reply
Reply
Wall Times
 • 
MCX:NICKEL
•
Yesterday 11:49 PM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
I want to see nickel breaking below 990 and hea...
989.......
Like
reply
Reply
Wall Times
 • 
MCX:NICKEL
•
Yesterday 11:48 PM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
I want to see nickel breaking below 990 and hea...
Watch out.........
Like
reply
Reply
Wall Times
 • 
MCX:NICKEL
•
Yesterday 11:47 PM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
I want to see nickel breaking below 990 and hea...
990.30
What else you need people.
Like
reply
Reply
Wall Times
 • 
MCX:NICKEL
•
Yesterday 11:46 PM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
I want to see nickel breaking below 990 and hea...
991.2.........
Like
reply
Reply
H
Harish
 • 
MCX:NICKEL
•
Yesterday 11:42 PM
@harishm • Reputation: -1,814
NICKEL 28FEB20 FUT
Type
Buy
Instrument
NICKEL 28FEB20 FUT
Entry Price
₹961.1
Price@Trade
₹972.8
Target Price
₹1,021
Stop Price
₹945.5
Valid Till
Feb 24, 2020 11:45 PM
Status
Expired before entry
Like
reply
Reply (1)
Latest replies
TrackerBot @trackerbot
•
Today 5:35 AM
Update
Expired before entry
Price @ Update
₹962
NICKEL 28FEB20 FUT
Type
Sell
Instrument
NICKEL 28FEB20 FUT
Entry Price
₹975.4
Price@Trade
₹975.4
Target Price
₹905
Stop Price
₹1,018
Valid Till
Feb 28, 2020 11:45 PM
Margin
₹127,721.75 approx for 1500 Qty
Status
Exited
Exit Price
₹968.6
Net P&L
7.99% Profit
Like
reply
Reply (1)
Latest replies
MAGIC OF INTRA (MCX EXPRT @magicofintra
•
Yesterday 2:09 AM
Update
Exited
Exit Price
₹968.6
Net P&L
7.99% Profit
Wall Times
 • 
MCX:NICKEL
•
Yesterday 11:32 PM
@walltimes • Reputation: 2,626
I want to see nickel breaking below 990 and head towards much lower levels given the whole situation.
Let's watch.
1
reply
Reply
M
MOHANRAM in MCX-NICKEL
NICKEL 31JAN20 FUT
Trade entered: Sell NICKEL 31JAN20 FUT @1002.5 ...
Target hit hit hit 💯
Like
reply
Reply
Ashish Tiwari
 • 
MCX:NICKEL
•
Yesterday 11:29 PM
@sifm • Reputation: 1,294
NICKEL 31JAN20 FUT
Type
Sell
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹1,000
Price@Trade
₹995
Target Price
₹980
Stop Price
₹1,005
Valid Till
Jan 27, 2020 11:45 PM
Status
Exited before entry
Like
reply
Reply (1)
Latest replies
Ashish Tiwari @sifm
•
Yesterday 2:00 AM
Update
Exited before entry
Price @ Update
₹981.5
N
no one knows
 • 
MCX:NICKEL
•
Yesterday 11:11 PM
@lov • Reputation: 2,557
Buy CMP SL 992
Like
reply
Reply
Wall Times
 • 
MCX:NICKEL
•
Yesterday 11:06 PM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
1002.50....****
996.20....amazimg fall. It has broken all supports and now heading below 980.
4
reply
Reply
The Inside Guy in MCX-NICKEL
NICKEL 31JAN20 FUT
Trade entered: Sell NICKEL 31JAN20 FUT @1004.9 ...
996 (+9) 13500 profit. *book* target is onn.
1
reply
Reply
M
NICKEL 28FEB20 FUT
Type
Sell
Instrument
NICKEL 28FEB20 FUT
Entry Price
₹983.8
Price@Trade
₹983.8
Target Price
₹905
Stop Price
₹1,018
Valid Till
Feb 28, 2020 11:45 PM
Margin
₹127,879.25 approx for 1500 Qty
Status
Exited
Exit Price
₹970.6
Net P&L
15.48% Profit
Like
reply
Reply (1)
Latest replies
MCX COMMODITY TERMINAL @mcxcommodityterminal
•
Yesterday 2:15 AM
Update
Exited
Exit Price
₹970.6
Net P&L
15.48% Profit
Wall Times
 • 
MCX:NICKEL
•
Yesterday 10:35 PM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
1002.50....****
997.30 low. Book.
Like
reply
Reply
The Inside Guy in MCX-NICKEL
NICKEL 31JAN20 FUT
Trade entered: Sell NICKEL 31JAN20 FUT @1004.9 ...
998 (+7) 🔥 risky target running
1
reply
Reply
M
NICKEL 31JAN20 FUT
Type
Sell
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹1,002.5
Price@Trade
₹1,002.5
Target Price
₹995
Stop Price
₹1,005
Valid Till
Jan 24, 2020 11:45 PM
Margin
₹136,232.88 approx for 1500 Qty
Status
Target Achieved
Net P&L
8.26% Profit
Like
reply
Reply (1)
Latest replies
TrackerBot @trackerbot
•
Yesterday 11:18 PM
Update
Target Achieved
Target
₹995
Wall Times
 • 
MCX:NICKEL
•
Yesterday 9:50 PM
@walltimes • Reputation: 2,626
Wall Times in MCX-NICKEL
Sell nickel......2002.5 for 997/993. Keep SL 10...
1002.50....****
1
reply
Reply (2)
Latest replies
PRASANTHhitit @prasanthhitit
•
Yesterday 10:16 PM
MCX:NICKEL - 555882
What is this error?
CRUDE DADA @crudedadafreecalls
•
Yesterday 11:59 PM
Wall Times
 • 
MCX:NICKEL
•
Yesterday 9:48 PM
@walltimes • Reputation: 2,626
Sell nickel......2002.5 for 997/993. Keep SL 1007.60.
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reply
Reply (1)
Latest replies
Pravin @PravinM
•
Yesterday 9:48 PM
1002.5*
Nickel buy 1002/3
Sl 998
Target 1010/15/20+++
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reply
Reply
RK Advisory
 • 
MCX:NICKEL
•
Yesterday 7:10 PM
@suryaidrop • Reputation: -7,984
NICKEL 31JAN20 FUT
Type
Sell
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹1,001.5
Price@Trade
₹1,001.5
Target Price
₹986  ₹972
Stop Price
₹1,007  ₹1,003.5
Valid Till
Jan 27, 2020 11:45 PM
Margin
₹136,214.13 approx for 1500 Qty
Status
Exited
Exit Price
₹993.2
Net P&L
9.14% Profit
Like
reply
Reply (3)
Latest replies
RK Advisory  @suryaidrop
•
Yesterday 11:07 PM
Update
Stoploss Trailed
Price @ Update
₹996.3
Original SL
₹1,007
New SL
1003.5
RK Advisory  @suryaidrop
•
Yesterday 11:09 PM
Update
Target Extended
Price @ Update
₹996
Original Target
₹986
New Target
972.0
RK Advisory  @suryaidrop
•
Yesterday 11:32 PM
Update
Exited
Exit Price
₹993.2
Net P&L
9.14% Profit
RK Advisory
 • 
MCX:NICKEL
•
Yesterday 7:07 PM
@suryaidrop • Reputation: -7,984
NICKEL 31JAN20 FUT
Type
Sell
Instrument
NICKEL 31JAN20 FUT
Entry Price
₹1,014
Price@Trade
₹1,000.9
Target Price
₹972
Stop Price
₹1,021
Valid Till
Jan 31, 2020 11:45 PM
Status
Expired before entry
Like
reply
Reply (1)
Latest replies
TrackerBot @trackerbot
•
Today 5:35 AM
Update
Expired before entry
Price @ Update
₹971
The Inside Guy in MCX-NICKEL
NICKEL 31JAN20 FUT
Trade entered: Sell NICKEL 31JAN20 FUT @1004.9 ...
1002-1003 (+2) 3000/-
Low risk may book if want. 👍🏻
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  • MCX:NICKEL PRICE - 31JAN2020

    keyboard_arrow_down
    DateJan 24
    Open1,000
    High1,005.7
    Low969.9
    Previous Close971
    Volume16,769

  • MCX:NICKEL PRICE - 28FEB2020

    keyboard_arrow_down
    DateJan 24
    Open981.5
    High986.3
    Low961.7
    Previous Close962
    Volume4,707

  • MCX:NICKEL PRICE - 31MAR2020

    keyboard_arrow_down
    DateJan 24
    Open982.5
    High983.6
    Low960
    Previous Close960
    Volume24

  • MCX:NICKEL - Recent News

    keyboard_arrow_down
    NewsBot
    Sep 30 6:24 PM
    MCX Nickel may trade between 1205.4-1242.8 levels
    commodityonline
    NewsBot
    Sep 30 6:21 PM
    Commodity Outlook: How gold, oil, base metals and agri commodities may trade today
    The Economic Times
    NewsBot
    Jul 26 7:46 PM
    MCX Nickel under fresh selling; Support seen at 967.1
    Commodity Online

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  • MCX:NICKEL - More Information

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    MCX -NICKEL
    Nickel is one of the commodities that has been traded through MCX. MCX stands for the Multi Commodity Exchange. MCX is the exchange where you can trade commodities such as gold, lead, nickel and agricultural products like cotton, coffee, turmeric, etc. just like the BSE exchange where stocks of companies are traded. The trading mechanism done through MCX is pretty transparent, and it is disciplined with the regulatory framework
    Why should I invest in Nickel?
    • Nickel is a naturally occurring, radiant, silvery-white metal. It occurs widely in the earth's crust and also its the fifth most common element on earth. However, most of the nickel is challenging to get hold of in the core of the planet. Nickel's key characteristics are it is resistant against corrosion and oxidation, it has a high melting point, ease of deposit by electroplating and formation of alloys readily, ductility and catalytic properties.
    • Nickel plays an essential role in our daily lives. It's used for making multiple objects around us like food preparation equipment, medical equipment, mobile phones, transport, power generation and buildings —the list is nearly infinite.
    • In everyday use, there are about 3000 nickel-containing alloys. About 65% of nickel is mainly used in the manufacture of stainless steel. Not only stainless steel, but another 20% is also used in other steel and non-ferrous alloys.
    • Often nickel is used for highly specialized industrial, military applications and aerospace. Also, the metal nickel is used in plating and other uses, such as coins, batteries for portable equipment, electronics, hybrid cars. WIthout impairing performance or increasing cost production, you can never replace nickel on manufacturing these things.
    • As already mentioned, nickel offers better corrosion resistance, better strength at high and low temperatures and better toughness; it also renders a range of unique magnetic and electronic properties, and that's why it gets precedence over other metals.
    • In the nickel market, risk management techniques are critical for participants such as producers, exporters, marketers, processors, and SMEs. Given an uncertain future, modern technologies and strategies, including market-based risk management financial instruments, such as 'Nickel Futures', offered on the MCX platform can improve efficiencies and consolidate competitiveness through price risk management.
    Reasons for trading Nickel:
    • Nickel is used in almost everything! From stainless steel to magnets, batteries, electronics, and even guitar strings, nickel is ever-present in our everyday lives.
    • Without nickel, many industries wouldn't be able to exist. There is always a need for nickel in the industry sector. It's more like lithium and cobalt.
    • Stainless steel is a longer-lasting metal, and to manufacture that nickel plays an important role. It lasts for 25–30 years without breaking down, so combining nickel with stainless steel makes the steel last longer.
    • Stainless steel is utilized in almost every manufacturing industry. Therefore, without nickel, stainless steel would be much less effective.
    • Stainless steel demand is expanding, particularly in China.
    What are the factors influencing the market:
    1. Prices are commanding in international markets.
    2. Exchange rates of the US dollar and INR.
    3. Geopolitical events.
    4. Financial events such as recession, inflation, global economic crisis, national industrial growth, etc., impact the metal prices.
    5. Events related to commodity-specific activities such as the construction of new production facilities or processes, unexpected mine or plant closures, due to natural disaster, accident, strike, supply disruption, and so onward.
    Before trading in nickel, it's always good to learn these Contract Specifications of Nickel:
    • Symbol NICKEL
    • The contract starts at 1st of a contract launch month and the last trading day falls on the last day of the calendar of the contract expiry month. If the contract launch date falls on a holiday, then the following day the contract starts. Whereas, if the contract expiry day falls on a holiday, the previous day the contracts expire.
    • Trading Period: Mondays through Saturdays
    • Trading Session is from Monday to Friday: 10.00 a.m. to 11.30 p.m. And on Saturday its10.00 a.m. to 2.00 p.m.
    • Trading Unit: 250 kg
    • Quotation/ Base Value: 1 kg
    • Maximum Order Size: 24 MT
    • Tick Size (Minimum Price Movement):10 paise per kg
    • Daily Price Limits: Normally, the base price limit will be 4%. Whenever there is a breach in the base daily price limit, the relaxation will be allowed to 6%.In case, if the 6% base price limit the daily price limit will be relaxed up to 9% after a cooling-off period of 15 minutes.
    • Initial Margin: Minimum 6% or based on SPAN whichever is higher
    • Maximum Allowable Open Position:
    For individual clients: 600 MT
    Collectively for all clients: 3,000 MT or 15% of the market-wide open position, whichever is higher.
    Why discuss the MCX Nickel rate today on Frontpage forum?
    • MCX NICKEL forum is all about discussions related to Nickel rate, trading strategies, market information, and latest news related to MCX NICKEL.
    • You can find MCX Nickel Live Charts shared by experts and other users.
    • You can also follow the 'Newsbot' account of FrontPage for finding the MCX Nickel rate and all the latest share market news (Moneycontrol, Economictimes, Business Standard, Livemint) related to nickel and all other stocks.
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