The Nickel Futures contracts expiring on 21st January 2026 are classified as compulsory delivery contracts on MCX.

These contracts enter the staggered delivery tender period 3 days prior to expiry and must be squared off before 9:00 PM on 16th January 2026 to avoid the risk of physical delivery.

Important Instructions:

• Nickel Futures contracts must be closed before the start of the tender period to prevent delivery obligations.

• Any open positions after 9:00 PM on 16th January 2026 may be squared off by our risk management team.

• Please ensure timely closure of positions to avoid physical settlement.

• To check applicable margin requirements, use our MCX Margin Calculator.

For any queries or support, please contact us here.