Thursday 4 April 2013

ALUMINIUM TREND FOR TODAY- 05-April-2013


Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum and the trend is supported with good volume 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 oscillator is showing BUY signal For short term Aluminium is in SELL position.Positionally Immediate support for Aluminium is 101.Resistance for the Aluminium is 104-105-108-109-110-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position The Aluminium is in downtrend For short term buy only if close above 103.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 104.3 with a stop at 102.6 Below 102.2 go for sell and put stop at 103.9
Intraday Resistance of ALUMINIUM are 104.2/105.1/107.7/110.6/115.7/118.6/124.1/129.7
Intraday Support of ALUMINIUM are 102.3/101.4/98/95.2/90.6/88.1/83.5/79

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