NCDEX Nickel Cathode
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| Nickel Cathode futures | ||
|---|---|---|
| Exchange | National Commodity & Derivatives Exchange | |
| Settlement | Physically delivered | |
| Trade Unit | 250 kilograms | |
| Point Value | Need point value! | |
| Tick Value | 5 Paise per kilogram | |
| Contract Months | All months | |
| Last Trading Day | Last trading day of the month. If last day happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange. | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | Electronic | |
| Trading Hours | N/A | Mondays through Fridays: 10:00 AM to 11:30 PM
10:00 AM to 11:55 PM (during US day light saving period) Saturdays: 10:00AM to 02:00 PM Expiry Date: at 11:30 PM / 11:55 PM |
| Ticker Symbol | N/A | NICKEL |
| Price Limits | N/A | Daily price limit is (+/-) 6% from the previous day's closing price. If the trade hits the prescribed daily price limit there will be a cooling off period for 15 minutes. Trade will be allowed during this cooling off period within the price band. Thereafter the price band would be raised by another 50% of the existing limit i.e. (+/-) 3% and trade will be resumed. If the price hits the revised price band (9%) again during the day, trade will only be allowed within the revised price band. No trade/order shall be permitted during the day beyond the revised limit of (+/-) 9% from the previous day's closing price. |
