Ni2+^{2+}2+aq_{aq}aq + Fes_ss → Nis_ss + Fe2+^{2+}2+aq_{aq}aq
Reduction takes place from Ni2+^{2+}2+ to Ni because there is a decrease in oxidation number from +2 to 0. Thus, Ni2+^{2+}2+ ions are reduced to Ni
Oxidation takes place from Fe to Fe2+^{2+}2+ because there is an increase in oxidation number from 0 to +2. Thus, Fe is oxidized to Fe2+^{2+}2+
Oxidizing agent → Ni2+^{2+}2+ because oxidizing agents undergo reduction.
Reducing agent → Fe because reducing agents undergo oxidation.
Consequently, option D is the correct option.