MCX Nickel Live Price Today


Here is the latest mcx nickel live price analysis and charts.

MCX Nickel Live Price as on 22/09/21

Last Price

Open

High

Low

P.Close

Volume

1457.40

1457.90

1464.70

1455.00

1442.20

318.00

On the MCX, nickel futures price change is about 1.05% to previous change 1442.20. The total volume of shares traded is 318.00.

Over the last one week mcx nickel price change is about -3.14%. Over the last 30 days, the price change is about -2.08%.

MCX Nickel Live Price Chart


MCX Nickel Trading System 1 :

MCX Nickel Live Price Chart

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 :


MCX Nickel

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 2

* 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 49.75

Neutral

MACD

MACD : 1.85

Signal Line : 5.45

Bearish

Stochastic

%D is 32.22

%K is 40.49

Bullish

MFI

67.46

Neutral

Aroon

0

Bearish

Bollinger Band

BBTop is 1511.33

BBBot is 1407.7

Neutral

Simple Moving Average Short Term

SMA(15) is 1465.41

Bearish

Simple Moving Average Mid Term

SMA(45) 1455.57

Bearish

Simple Moving Average Long Term

SMA(100) 1393.39

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-

  1. Primary Production (Mining)
  2. 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

  1. Philippines
  2. Russia
  3. Canada
  4. Australia
  5. 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

23/09/21

1463.7

1447

1472.7

1434.7

6279

22/09/21

1441.4

1443.9

1451

1423.3

2567

21/09/21

1423.9

1430.3

1437.7

1393.2

2398

20/09/21

1427.9

1445

1445

1417.9

1504

17/09/21

1455

1458.9

1514.3

1442.8

1756

16/09/21

1456.9

1478.5

1479

1450.7

950

15/09/21

1498.6

1475.5

1508.5

1469.3

507

14/09/21

1471.7

1474.7

1485

1461

264

13/09/21

1479.4

1517.6

1517.6

1468.1

461

10/09/21

1522.1

1515.9

1538.9

1515.9

168

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.

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