ALUMINIUM TREND FOR TODAY-21-JAN-2013

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. The oscillator is showing SELL signal For short term Aluminium is in SELLposition.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 110.0 The Aluminium is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 110.3 with a stop at 108.4 Below 107.9 go for sell and put stop at 109.8
Intraday Resistance of ALUMINIUM are 109.4/109.7/114.2/117.3/122.5/125.4/131.1/136.8
Intraday Support of ALUMINIUM are 108.8/108.5/104.2/101.4/96.6/94.1/89.3/84.6

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