Sunday, 28 April 2013

ALUMINIUM TREND FOR TODAY- 29-April-2013


Aluminium is bearish for medium-long term .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Immediate support for Aluminium is 98.Resistance for the Aluminium is 101-102-104-106-108-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD LONG position The Aluminium is not giving any clear signal So buy only if close above103.8 and sell below 100.25 The oscillator is showing SELL signal
Intraday Trend-The Aluminium closed in a confusion manner So buy for intraday only above 101.6 with a stop at 99.7 If opens below 99.7 or trade below 99.2 be cautious or go for sell with stop at 101.1
Intraday Resistance of ALUMINIUM are 100.5/100.6/105.2/108.1/113.1/116/121.4/127
Intraday Support of ALUMINIUM are 100.3/100.2/95.6/92.9/88.4/85.9/81.3/76.9

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