MTECHTIPS MCX ALUMINIUM INTRADAY trading analysis 10-06-2016

MTECHTIPS MCX ALUMINIUM INTRADAY trading analysis 10-06-2016
DAILY :- Mcx aluminium future above 104.9 remain bullish but below it expect intraday downside up to 103.5 to 102.

WEEKLY :-Mcx aluminium future this week closed with loss at 103.45. This was second weekly loss for this base metal. For next week, mcx aluminium future outlook is bearish and below 106 keep sell on rise view. Mcx aluminium weekly support zones are 102.2 and 99 and these are target zones for next week. Mcx aluminium weekly resistances are 105.5 and 107 and these are fresh short entry zones with stop loss. On monthly chart, aluminium is heading towards 98.5 levels and if this time breached below it then expect fresh 52 weeks low of 90 to 85.



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