Friday, 15 March 2013

ALUMINIUM TREND FOR TODAY-16-March-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 . 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 BUY signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 104.Resistance for the Aluminium is 106-109-110-111-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium is in profit booking mode so better sell and enter at lower level The Zincmini is now trading in oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 105.7 with a stop at 104.2 Below 103.8 go for sell
Intraday Resistance of ALUMINIUM are 105.5/106.2/110.2/113.1/118.2/121.1/126.7/132.4
Intraday Support of ALUMINIUM are 104/103.3/100.3/97.5/92.9/90.4/85.7/81.1

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