MTECHTIPS MCX ALUMINIUM INTRADAY trading analysis 02-06-2016
DAILY :- mcx aluminium above 105 remain buy for targets 106.4 and 107.5.
WEEKLY :-Mcx aluminium future this week closed with loss. After fall from 111 levels aluminium prices are trading in range of 102 to 106. But now is at decisive points. From here downside move will be breakdown and reversal will be best buying opportunity.For next week, mcx aluminium outlook remain bearish and below 106 remain sell on rise. On downside 102.6 and 99.5 are support zones as well as tgt levels for next week. On upside 106 and 108 are resistance zones. Mcx aluminium monthly chart suggesting downside levels up to 98.5 for this corrective move. 111 level is strong top resistance for aluminium prices on monthly chart.
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