Wednesday, 23 January 2013

ALUMINIUM TREND FOR TODAY-24-JAN-2013


Aluminium is in long- term bull phase .Currently Aluminium is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Aluminium is now trading in oversold level. The Aluminium is now trading in oversold level. The oscillator is showing SELL signal For short term Aluminium is in SELL position.Positionally Support for the Aluminium is 109-.Resistance for the Aluminium is 111-112-113-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position Aluminium is in sideways and sellers was at high so for short term better buy above 110.5 or hold with stop at 107.9 The next resistance will be at 110.85 The Aluminium is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 110.5 with a stop at 109.1 Below 108.9 go for sell and put stop at 110.2
Intraday Resistance of ALUMINIUM are 110.4/111.1/115.1/118.1/123.3/126.3/131.9/137.7
Intraday Support of ALUMINIUM are 108.9/108.2/105/102.1/97.4/94.8/90/85.3



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