Australia imposed provisional anti- dumping duties of 16 percent on some aluminum extrusion products from China, joining the U. S. and the European Union in taking trade actions against the world's third-largest economy. Aluminium has touched a low of Rs 89.5 a kg after opening at Rs 90.15, and last traded at Rs89.95. For today market is looking for the support at 89.40, a break below could see a test of 88.80 and where as resistance is now likely to be seen at 90.50, a move above could see prices testing 91.10. ALUMINIUM TRADING RANGE IS 87-94.

Trading Ideas:

AUSTRALIA IMPOSED ANTI-DUMPING DUTIES OF 16% ON SOME ALUMINUM PRODUCTS FROM CHINA

BUY ALUMINIUM @ 89 SL 88.10 TGT 89.50-90.30-91.20.MCX

ALUMINIUM IS GETTING RES AT 90.70 ABOVE THIS NEXT RES IS AT 91.40-92.20.

SUPPORT IS AT 89.40 BELOW THIS LOOKS TILL 88.50-87.80 LEVEL.

YESTERDAY LME STOCK FOR ALUMINIUM CAME Down BY -3150