Sunday, 24 March 2013

ALUMINIUM TREND FOR TODAY-25-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 .. The oscillator is showing BUY signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 103.Resistance for the Aluminium is 106-109-110-111-

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 105.4 or hold with stop at 102.8 The next resistance will be at 105.05 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 105.4 with a stop at 104.6 Below 104.6 go for sell and put stop at 105.3
Intraday Resistance of ALUMINIUM are 105.1/105.3/109.9/112.8/117.9/120.8/126.4/132.1
Intraday Support of ALUMINIUM are 104.8/104.6/100/97.3/92.6/90.1/85.4/80.9

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