Japan's production of flat-rolled aluminum mill products in February rose 13% from January and was up 53% from a year earlier at 101,409 metric tons, according to preliminary data from the Ministry of Economy, Trade and Industry released. Aluminium has touched a low of Rs 104.7 a kg after opening at Rs 104.7, and last traded at Rs105.45.For today market is looking for the support at 104.9, a break below could see a test of 104.4 and where as resistance is now likely to be seen at 105.7, a move above could see prices testing 106.

Trading Ideas:

Aluminium trading range is 104.4-106.

Japan's production of flat-rolled aluminum mill products in February rose 13% from January

Support for aluminium is at 104.30 and resistance is at 106.60 level.

Aluminium weekly stock at Shanghai exchange came up by 4167 tonnes.

BUY ALUMINIUM APR @ 104.50 SL 103.50 TGT 105.20-106-106.80.MCX