Monday, 15 April 2013

ALUMINIUM TREND FOR TODAY- 16-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 .. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 98.Resistance for the Aluminium is 102-103-106-107-109-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in SELL position The Aluminium is in downtrend For short term buy only if close above 102.0 The Aluminium is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 103.1 with a stop at 100 Below 99.1 go for sell and put stop at 102.2
Intraday Resistance of ALUMINIUM are 102/102.9/104.3/105/107.9/112.9/115.7/121.1/126.7
Intraday Support of ALUMINIUM are 100.2/99.3/97.9/95.4/92.7/88.1/85.7/81.1/76.7

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