Tuesday 19 March 2013

ALUMINIUM TREND FOR TODAY-20-March-2013


Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 SHORTposition.Positionally Immediate support for Aluminium is 103.Resistance for the Aluminium is 105-106-108-109-110-111-

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 105.0 The Aluminium is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 105.2 with a stop at 103.6 Below 103.2 go for sell and put stop at 104.8
Intraday Resistance of ALUMINIUM are 105/105.6/109/111.9/117/119.9/125.4/131.1
Intraday Support of ALUMINIUM are 103.4/102.8/99.2/96.4/91.8/89.3/84.6/80.1
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