Monday, 1 April 2013

ALUMINIUM TREND FOR TODAY- 02-April-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 .. The oscillator is showing BUY signal For short term Aluminium is in HOLD SHORTposition.Positionally Immediate support for Aluminium is 102.Resistance for the Aluminium is 105-108-109-110-

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 105 with stop at 101.85 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 105 with a stop at 103.4 Below 103 go for sell and put stop at 104.6
Intraday Resistance of ALUMINIUM are 104.6/105/108.7/111.6/116.7/119.6/125.1/130.8
Intraday Support of ALUMINIUM are 103.4/103/98.9/96.1/91.5/89/84.4/79.8

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