Monday 28 January 2013

ALUMINIUM TREND FOR TODAY-29-JAN-2013


Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . 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 BUY signal For short term Aluminium is in SELL position.Positionally Immediate support for Aluminium is 108.Resistance for the Aluminium is 111-112-113-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position Aluminium is moving sideways so short term investor better to buy if close above 110.85 closing below 107.9 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 110.4 with a stop at 108.1 Below 107.4 go for sell and put stop at 109.7
Intraday Resistance of ALUMINIUM are 109.4/109.9/113.9/117/122.2/125.1/130.8/136.5
Intraday Support of ALUMINIUM are 108.4/107.9/103.9/101.1/96.4/93.8/89/84.4

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