Monday 16 September 2013

ALUMINIUM TREND FOR TODAY- 16-Sep-2013

Aluminium is in long- term bull phase .Currently Aluminium is in strong downtrend 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 SELL signal For short term Aluminium is in SELL position.Positionally Support for the Aluminium is 111-110-.Resistance for the Aluminium is 114-115-117-119-
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 114.2 with a stop at 111.5 Below 110.8 go for sell and put stop at 113.5
Intraday Resistance of ALUMINIUM are 112.9 : 113.3 : 117.9 : 120.1 : 123.4 : 126.6 : 129 : 131.3
Intraday Support of ALUMINIUM are 112.1 : 111.7 : 107.3 : 105.1 : 102.1 : 99.2 : 97.2 : 95.1

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