Friday, 1 February 2013

ALUMINIUM TREND FOR TODAY-02-FEB-2013


Aluminium is in long- short-medium- short- term bull phase .Currently Aluminium is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is on BUY Signal and Aluminium is recovering from oversold level For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 111-110-109-. Immediate resistance for Aluminium is 113

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 113.5 with stop at 107.5 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 113.5 with a stop at 111.5 Below 111 go for sell and put stop at 113
Intraday Resistance of ALUMINIUM are 113.3/114.2/116.9/120/125.3/128.2/134/139.8
Intraday Support of ALUMINIUM are 111.2/110.3/106.8/103.9/99.1/96.5/91.7/86.9


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