Friday 8 March 2013

ALUMINIUM TREND FOR TODAY-09-March-2013


Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend but volume is unsatisfactory 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 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 HOLD SHORT position.Positionally Immediate support for Aluminium is 106.Resistance for the Aluminium is 107-108-111-112-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in SELL position Aluminium has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below104.8 Buy if above 108.2 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 106.5 with a stop at 105.1 Below 104.8 go for sell
Intraday Resistance of ALUMINIUM are 106.3/106.9/111/114/119.1/122/127.6/133.3
Intraday Support of ALUMINIUM are 105/104.4/101.1/98.3/93.6/91.1/86.4/81.8

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