Nickel Futures

Nickel futures is an MCX contract to buy or sell Nickel at a pre-agreed price on a future date. It lets you take leveraged exposure to Nickel price movements without owning the physical commodity.

One lot of Nickel futures on MCX is 250 KGS. Contract value = lot size x price; you pay only a margin (a fraction of contract value) to take a position.

The Nickel futures price tracks the global/spot price of Nickel, adjusted for the USD-INR rate, cost of carry and domestic demand-supply. It updates live during MCX trading hours.

You need SPAN + exposure margin set by MCX and your broker (typically a small percentage of contract value). The live margin is shown on the Nickel futures page before you place an order.

MCX Nickel futures trade Monday to Friday, 9:00 AM to about 11:30 PM IST (the evening close shifts with US daylight saving). They are closed on MCX holidays.

Nickel futures have monthly expiries. The near-month contract is the most liquid; the next few expiries are also listed. Positions can be squared off any time before expiry.

Depending on the contract, Nickel settles by compulsory delivery or in cash at expiry per MCX rules. Most traders exit before expiry to avoid delivery obligations.

Open interest is the total number of outstanding Nickel futures contracts. Rising OI with rising price signals fresh long build-up; falling OI signals unwinding - use it to gauge trend strength.

Yes. Roll over by closing the near-month Nickel contract and opening the same position in the next expiry, usually around expiry day, to keep your exposure.

Log in to INDmoney, activate MCX commodities, add margin, search Nickel futures, pick the expiry and place a buy or sell order.