On MCX settled down -2.75% at 654.10 tracking weakness from LME Nickel which ended 2.1 per cent lower at $US10,080 a tonne as Nickel traders cut there long position and sit with a wait-and-see mode to see what the outcome will be from the meeting between US President Donald Trump and China’s President Xi Jingpin. China has been the target of anti-dumping lawsuits, and this is expected to be a hot topic in the meeting of the two world leaders.

Trading Ideas: 

* Nickel trading range for the day is 637.7-680.5. 

* Nickel dropped on fresh selling as traders cut there long position before outcome from the meeting between US and China. 

* Base metals complex dropped as pressure seen after data showed activity at China's factories expanded with softer pace.

* The EU has set anti-dumping duties on imports of hot-rolled flat steel products from China at a higher rate than those already in place.

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