Friday, 3 May 2013

ALUMINIUM TREND FOR TODAY- 04-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 Support for the Aluminium is 100-.Resistance for the Aluminium is 102-103-106-107-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position Aluminium is in sideways so for short term better buy above 102.6 with stop at 96.65 The Aluminium is now trading is approaching oversold level. The oscillator is on BUY Signal and Aluminium is recovering from oversold level
Intraday Trend- Buy is advised only above 102.9 with a stop at 99.6 Below 98.6 go for sell and put stop at 101.9
Intraday Resistance of ALUMINIUM are 101.6 : 102.4 : 103.7 : 104.9 : 110.1 : 115.4 : 120.8 : 126.4 : 132.1
Intraday Support of ALUMINIUM are 99.9 : 99.1 : 97.8 : 94.9 : 90.1 : 85.4 : 80.9 : 76.4 : 72.1

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