Thursday, 2 May 2013

ALUMINIUM TREND FOR TODAY- 03-May-2013


Aluminium is bearish for medium-long term .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 HOLD SHORT position.Positionally Immediate support for Aluminium is 97.Resistance for the Aluminium is 100-101-102-103-106-107-
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 only above 102.6 or hold with stop at 96.65 The Aluminium is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 98.6 with a stop at 96.6 Below 96 go for sell
Intraday Resistance of ALUMINIUM are 97.9/98.4/99.3/102.3/105.2/110.1/112.9/118.3/123.8
Intraday Support of ALUMINIUM are 96.7/96.2/95.3/92.9/90.2/85.7/83.3/78.8/74.4

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