Tuesday 15 January 2013

ALUMINIUM TREND FOR TODAY-16-JAN-2013


Aluminium is in long- term bull phase .Currently Aluminium is showing some down move and trend is strong and 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 Support for the Aluminium is 110-.Resistance for the Aluminium is 112-113-114-

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 111.9 with stop at 109.7 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 111.9 with a stop at 110.6 Below 110.4 go for sell and put stop at 111.7
Intraday Resistance of ALUMINIUM are 112.1/112.9/115.9/118.9/124.2/127.1/132.8/138.6
Intraday Support of ALUMINIUM are 110.2/109.4/105.8/102.9/98.1/95.5/90.7/86

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