Brazilian aluminum production fell 2.8% to 117,200 metric tons in February on the year, the Brazilian Aluminum Association said in a statement.  Despite the overall decline in output, most companies producing the metal in Brazil showed signs of recovery from the global economic crisis late 2008 and throughout 2009. Aluminium has touched a low of Rs 101.6 a kg after opening at Rs 101.8, and last traded at Rs101.75.For today market is looking for the support at 101.6, a break below could see a test of 101.5 and where as resistance is now likely to be seen at 101.9, a move above could see prices testing 102.1.

Trading Ideas:

Aluminium trading range is 101.5-102.1.

Brazilian aluminum production fell 2.8% to 117,200 metric tons in February

Support for aluminium is at 100.80 and resistance is at 102.80 level.

Aluminium weekly stock at Shanghai exchange up by 6779 tonnes.

SELL ALUMINIUM MAR @ 102 SL 103.20 TGT 101.40-100.70-100.MCX