Friday, 13 September 2013

ALUMINIUM TREND FOR TODAY- 13-Sep-2013

Aluminium is in long- term bull phase .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 Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in SELL position.Positionally Support for the Aluminium is 111-110-.Resistance for the Aluminium is 117-118-119-
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 114.0 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 114.6 with a stop at 112.8 Below 112.3 go for sell and put stop at 114.1
Intraday Resistance of ALUMINIUM are 114.3 : 115.1 : 118.8 : 121.1 : 124.4 : 127.6 : 130 : 132.4
Intraday Support of ALUMINIUM are 112.6 : 111.8 : 108.2 : 106 : 103 : 100.1 : 98 : 96

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