Japanese shipments of aluminium products rose 9.1 percent in December from a year earlier to 155,925 tonnes, industry data showed. Aluminium has touched a low of Rs 95.45 a kg after opening at Rs 98.8, and last traded at Rs95.65.

For today market is looking for the support at 94.30, a break below could see a test of 93.00 and where as resistance is now likely to be seen at 98.00, a move above could see prices testing 100.50.

Trading Ideas:

Aluminium trading range is 92-99.

Japan Dec aluminium shipments up 9.1 pct yr/yr

Support for aluminium is at 94.40 and resistance is at 96.90 level.

Aluminium daily stock at Shanghai exchange came down by -74 tonnes.

SELL ALUMINIUM JAN @ 96.80 SL 98 TGT 95.80-94.60-94. MCX