Nickel on MCX settled down -0.47% at 630.70 extended the decline with other base metals on global growth worries and amid a Chinese clampdown on commodity futures. 

As a result, Markit's US Services PMI stood at 52.8 for April, up 0.7 from the flash reading earlier in the month. At the same time, the ISM said its Non-Manufacturing Index surged 1.2 points to 55.7 in April, far exceeding forecasts for a 54.7 reading. The gains were concentrated in new orders, which surged three points to 59.9, delivering its highest rate of growth since October. Contact this no:- 9827808090

 Within the report, defense goods jumped by 49% amid an uptick in defense aircraft orders. Technically now Nickel is getting support at 627.1 and below same could see a test of 623.6 level, And resistance is now likely to be seen at 635.4, a move above could see prices testing 640.2.