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Sunday, 17 March 2013

Realistic ALUMINIUM TREND & INTRADAY LEVELS

Realistic ALUMINIUM TREND & INTRADAY LEVEL
                                                
Mar/18/2013.CMP-105 Overall trend of the 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 .. 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 HOLD SHORT position.Positionally Immediate support for Aluminium is 104.Resistance for the Aluminium is 106-108-110-111-
Intraday Trend- Buy is advised only above 105.8 with a stop at 104.3 Below 103.9 go for sell and put stop at 105.4
Intraday Resistance of ALUMINIUM are 105/105.1/109.8/112.8/117.9/120.8/126.3/132
Intraday Support of ALUMINIUM are 104.7/104.6/100/97.2/92.6/90.1/85.4/80.8

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