Wednesday, 1 May 2013

ALUMINIUM TREND FOR TODAY- 02-May-2013


Aluminium is bearish for medium-long term .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 97.Resistance for the Aluminium is 101-102-103-106-107-
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 101.0 The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 98.9 with a stop at 96.3 Below 95.5 go for sell
Intraday Resistance of ALUMINIUM are 97.8/98.5/99.5/102.6/105.5/110.4/113.2/118.6/124.1
Intraday Support of ALUMINIUM are 96.6/95.9/94.9/93.1/90.4/86/83.5/79/74.6

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