Sunday 7 April 2013

ALUMINIUM TREND FOR TODAY- 08-April-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. For short term Aluminium is in SELLposition.Positionally Immediate support for Aluminium is 101.Resistance for the Aluminium is 104-107-108-110-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium is moving sideways so short term investor better to buy only above 104.0 with stop at 101.45 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 104.1 with a stop at 102.1 Below 101.6 go for sell
Intraday Resistance of ALUMINIUM are 103.7/104.4/108/111/116/118.9/124.4/130.1
Intraday Support of ALUMINIUM are 102/101.3/98.3/95.5/90.9/88.4/83.8/79.3

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