U.S. domestic primary aluminum production in December was 140,000 metric tons, down 5% from 133,000 tons the previous month and down 31% from 204,000 tons in December 2009, the U.S. Geological Survey said. Aluminium has touched a low of Rs 100.65 a kg after opening at Rs 101.45, and last traded at Rs101.05.For today market is looking for the support at 100.3, a break below could see a test of 99.6 and where as resistance is now likely to be seen at 102.1, a move above could see prices testing 103.2.

Trading Ideas:

Aluminium trading range is 99.6-103.2.

US Dec aluminium output was 140000 tonnes down by 5%.

Support for aluminium is at 100.05 and resistance is at 102.40 level.

Aluminium daily stock at Shanghai exchange came down by -73 tonnes.

BUY ALUMINIUM MAR @ 100.50 SL 99.80 TGT 101.40-102-102.80. MCX