MCX Nickel Live Price Today
Here is the latest mcx nickel live price analysis and charts.
MCX Nickel Live Price as on 15/01/24
Last Price | Open | High | Low | P.Close | Volume |
|---|---|---|---|---|---|
2450.00 | 2450.00 | 2450.00 | 2450.00 | 2450.00 | 0.00 |
On the MCX, nickel futures price change is about 0.00% to previous change 2450.00. The total volume of shares traded is 0.00.
Over the last one week mcx nickel price change is about 4.34%. Over the last 30 days, the price change is about -15.94%.
MCX Nickel Live Price Chart
MCX Nickel Trading System 1 :
How to Trade the Nickel Intraday Signals Chart
BUY Trade Entry | Green up arrow & candle stick must trade above the yellow trend line. |
BUY Trade Exit | Trail Stop-loss as per green dotted lines or stop loss price given in text box or when a candle stick crosses below the yellow trend Line |
SELL Trade Entry | Red Down arrow & candle stick must trade below the yellow trend line. |
SELL Trade Exit | Trail Stop-loss as per red dotted lines or stop loss price given in text box or when a candle stick crosses above the yellow trend Line |
We also expect the commodity nickel futures to react on the above support and resistance levels for today.
*The below MCX Nickel Live Price Charts are updated every 10 mins with auto refresh.
MCX Nickel Trading System 2 :
How to Trade the Nickel Multiple Super Trend Chart
BUY Trade Entry | When both super trend indicators are in uptrend. |
BUY Trade Exit | When either of the super trend goes in downtrend. |
SELL Trade Entry | When both super trend indicators are in downtrend. |
SELL Trade Exit | When either of the super trend goes in uptrend. |
We have further improved the famous super trend strategy by using two different super trend indicators for generating trade call signals. The strategy increase profits by almost 70% by using two super trend indicators and also helps in exiting fast from the market when the trend is not intact.
MCX Nickel Price Technical Analysis
Quant's Today Trend score for MCX Nickel is 5
* A trend score of greater than 5 signals that the commodity is bullish for the day while trend score of less than 2 signals bearish trend*
Indicator | Value | Signal |
|---|---|---|
RSI | RSI is 53.5 | Neutral |
MACD | MACD : -92.76 Signal Line : -49.8 | Bearish |
Stochastic | %D is 12.71 %K is 26.05 | Bullish |
MFI | 66.34 | Neutral |
Aroon | 0 | Bearish |
Bollinger Band | BBTop is 2819.27 BBBot is 1851.82 | Neutral |
Simple Moving Average Short Term | SMA(15) is 2284.66 | Bullish |
Simple Moving Average Mid Term | SMA(45) 2368.42 | Bullish |
Simple Moving Average Long Term | SMA(100) 1964.68 | Bullish |
MCX Nickel Interactive Real Time 5 Mins Intraday Chart
MCX Nickel Overview
Nickel occurs naturally in the earth’s crust and is the 5th most commonly used element. It is silvery white lustrous metal.
Key Characteristics of Nickel
- High melting point
- High resistance against corrosion and oxidation
- Ductility and Catalytically properties
Nickel plays a vital role in everyday life. The myriad objects we see and use in our day to day life are made of Nickel.
Nickel has a comprehensive application in kitchenware, Transport, Buildings, Mobile phones, and Medical equipment.
Nickel alloys are also put to many uses in day to day life.
Most of the Nickel that is produced is mainly used in the manufacturing of the stainless steel.
Another significant part of the total nickel produced is used to make steel and other non-ferrous metal alloys. These alloys are then used in industries that are highly specialized like the aerospace industry and in military application.
Nickel and its alloys are also used for plating in coin and in making batteries for portable equipment and hybrid cars.
Nickel is highly preferred because of its better resistance, toughness, strength, and range of unique magnetic and electronic properties.
The two main channels for the production of Nickel are-
- Primary Production (Mining)
- Secondary production (Recycling)
It is not always feasible to obtain Nickel in its original elemental state through recycling. However, the scrap material can be recycled to make other products that can be further used.
Top 5 Miners
- Philippines
- Russia
- Canada
- Australia
- New Caledonia
Top 5 countries with largest reserves of Nickel
- Australia
- Brazil
- Russia
- New Caledonia
- Cuba
Main Uses of Nickel
- Stainless Steel Manufacturing: Nickel is mainly used in the manufacturing of the stainless steel. Almost 65% of the total nickel produced is used in the manufacturing of the stainless steel.
- Electronics: Alloy of Iron and nickel has a wide application in making of many electronics.
- Catalyst: Due to its catalytical properties Nickel is used as a catalyst to facilitate many chemical reactions.
- Rechargeable Batteries: The critical component used in making rechargeable batteries that are used in many electronics, power generating equipment, and transportation is Nickel.
Factors influencing the prices of Nickel
- Demand from China: As the Chinese economy has grown it has created lots of demand for Nickel. The demand for Nickel from China has grown from 20% in the past to 50% now of the total world’s demand. Therefore, the Nickel demand and its price get affected by the Chinese demand.
- Global Supply: Over the past few years supply is more than the demand for Nickel. This has brought down its price in the commodity market.
- Input prices: The mining of Nickel and its separation from its ore requires ample coal, electricity and crude oil. If the prices of these inputs rise, it increases the cost of production of nickel which in turn raises its price.
- Government Policies: Government policies in the country of supplier play a significant role in extending and curbing supplies in the market. A favorable policy will increase the supply of Nickel in the market and vice-versa.
Reasons to invest in Nickel
- Growing Economies: As the world economies continue to grow there is continuous and stable demand for Nickel.
- Not easily replaceable: Nickel cannot be replaced without impairing the performance or increasing the cost. Therefore, it does not have a close risk of substitutes.
- Portfolio Diversification: Traders can add Nickel to their basket of commodities to diversify their portfolio.
The risk involved in investing in Nickel
- Over-supply of the nickel in the market that can bring down the prices.
- Global recession
- Stock Off-loading by China
Contract Specifications
Symbol | NICKEL |
Description | NICKELMMMYY |
Contract Listing | Contracts are available as per the Contract Launch Calendar |
Contract Start Day | 1 st day of contract launch month. If 1st day is a holiday then the following working day |
Last Trading Day | Last calendar day of the contract expiry month. |
Price Quote | 1 kg Per kilogram |
Lot size | 250 kgs |
Tick Size | Rs. 0.10 ( 10 paise per kg ) |
Profit/Loss made for every ₹ 1 change | Rs. 250 |
Trading Period | Monday to Friday |
Trading Timings | 10.00 a.m. to 11.30/ 11.55 p.m |
Commodity Group | Base Metals |
Instrument Type | COMMODITY FUTURES |
Initial Margin | Minimum 4% or based on SPAN whichever is higher. |
Contract Launch Calendar
Contract Launch Months | Contract Expiry Months |
|---|---|
September 2017 | January 2018 |
October 2017 | February 2018 |
November 2017 | March 2018 |
December 2017 | April 2018 |
January 2018 | May 2018 |
February 2018 | June 2018 |
March 2018 | July 2018 |
April 2018 | August 2018 |
May 2018 | September 2018 |
June 2018 | October 2018 |
July 2018 | November 2018 |
August 2018 | December 2018 |
* Contract Launch Calendar Source MCXINDIA https://www.mcxindia.com/home
MCX Nickel Price History
Date | Price | Open | High | Low | Volume |
|---|---|---|---|---|---|
28-10-2022 | 1830 | 1830 | 1830 | 1830 | 4 |
28-09-2022 | 1820 | 1820 | 1820 | 1820 | 2 |
20-09-2022 | 2060 | 2028 | 2060 | 2028 | 20 |
19-09-2022 | 1950 | 1950 | 1950 | 1950 | 2 |
26-05-2022 | 2124 | 2124 | 2124 | 2124 | 3 |
25-05-2022 | 2211.9 | 2211.9 | 2211.9 | 2211.9 | 1 |
24-05-2022 | 2304 | 2304 | 2304 | 2304 | 1 |
06-05-2022 | 2400 | 2400 | 2400 | 2400 | 1 |
29-04-2022 | 2465 | 2501.1 | 2501.1 | 2465 | 18 |
28-04-2022 | 2550 | 2550 | 2550 | 2550 | 1 |
Get MCX Live Price of the major commodities listed on the multi-commodity change of India. Technical Live Price analysis & price charts of the commodity MCX Nickel is researched every day and updated daily.
