Aluminium is
bearish for medium-long term .Currently Aluminium is in strong downtrend and
the trend is supported with good volume The open interest is not increasing
with trend . In last few days volume based selling happened in the Aluminium
Noting point is selling at lower levels seems decreasing. The oscillator is
showing SELL signal For short term Aluminium is in SELL position.Positionally Immediate
support for Aluminium is 109.Resistance for the Aluminium is 110-112-113-
Short term and Intraday Level of ALUMINIUM
Currently
Aluminium is in HOLD SHORT position The Aluminium is in downtrend For short
term buy only if close above 111.0 Selling pressure seems to be deceasing so
Short term investor with risk aptitude can enter again if it close above 111.4
but caution- close Below low5 fresh selling can occur The Aluminium is now
trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 110.1 with a stop at 108.2 Below 107.7 go for sell
Intraday Resistance of ALUMINIUM are 109.5/110/114.3/117.3/122.5/125.5/131.1/136.9
Intraday Support of ALUMINIUM are 108.3/107.8/104.3/101.4/96.7/94.1/89.3/84.7
Intraday Trend- Buy is advised above 110.1 with a stop at 108.2 Below 107.7 go for sell
Intraday Resistance of ALUMINIUM are 109.5/110/114.3/117.3/122.5/125.5/131.1/136.9
Intraday Support of ALUMINIUM are 108.3/107.8/104.3/101.4/96.7/94.1/89.3/84.7
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