  We address the fundamental question of whether magneto-resistance (MR) of
atomic-sized contacts of Nickel is very large because of the formation of a
domain wall (DW) at the neck. Using {\em ab initio} transport calculations we
find that, as in the case of non-magnetic electrodes, transport in Ni
nanocontacts depends very much on the orbital nature of the electrons. Our
results are in agreement with several experiments in the average value of the
conductance. On the other hand, contrary to existing claims, DW scattering does
{\em not} account for large MR in Ni nanocontacts.
