Magnetism in dilute magnetic semiconductors (DMSs) has been a controversial topic since its discovery. There are many models which predict the origin of room temperature ferromagnetism (RTFM) in TM doped wide band gap semiconductors. Here, we report RTFM in chemically synthesized cubic Zn1-xNixS (0 <= x <= 0.08) DMS nanoparticles of similar to 3-5 nm size. Ferromagnetic behavior (at 300 K and 5 K) was found to increase with the increase in Ni doping concentration and was understood due to defect induced ferromagnetism. The low temperature magnetization measurement (ZFC-FC) shows that the nanoparticles are strongly coupled by magnetic interactions. Optical studies showed decrease in the energy bandgap along with the presence of sulfur and zinc vacancies and surface defects. Low temperature resistivity measurement depicted the semiconducting nature of the synthesized samples. With increase in doping concentration, an increase in the resistive behavior was observed which was explained in the realm of defects states created due to doping of the Ni ions.