ALUMINIUM TREND FOR TODAY- 17-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 Aluminium is now trading in oversold level. The Aluminium is now trading in oversold level. The oscillator is showing SELL signal For short term Aluminium is in SELLposition.Positionally Support for the Aluminium is 110-.Resistance for the Aluminium is 114-116-118-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in SELL position Aluminium is moving sideways so short term investor better to buy only above 114.3 or hold with stop at 110.2 The Aluminium is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 112.1 with a stop at 109.8 Below 109.2 go for sell
Intraday Resistance of ALUMINIUM are 111.4 : 112 : 116 : 118.2 : 121.4 : 124.7 : 127 : 129.3
Intraday Support of ALUMINIUM are 109.9 : 109.3 : 105.5 : 103.3 : 100.4 : 97.5 : 95.4 : 93.4

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