ALUMINIUM TREND FOR TODAY- 01-Oct-2013

Aluminium is in long- short-medium- short- term bull phase .Currently Aluminium is in downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is on BUY Signal and Aluminium is recovering from oversold level For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 114-112-111-. Immediate resistance for Aluminium is 116

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium is in sideways and sellers was at high so for short term better buy above 116.2 or hold with stop at 109.55 The next resistance will be at 115.65 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 116.2 with a stop at 113.7 Below 113 go for sell and put stop at 115.5
Intraday Resistance of ALUMINIUM are 115.6 : 116.4 : 120 : 122.3 : 125.6 : 128.8 : 131.2 : 133.6
Intraday Support of ALUMINIUM are 113.6 : 112.8 : 109.3 : 107.1 : 104.1 : 101.2 : 99.1 : 97

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