India's state-run National Aluminium Co. has raised prices by INR6,000 a metric ton. The price increase, effective April 1, is because of higher prices of the globally traded three-month contracts of aluminum on the benchmark London Metal Exchange. Aluminium has touched a low of Rs 104.6 a kg after opening at Rs 105.7, and last traded at Rs105.6.For today market is looking for the support at 104.8, a break below could see a test of 103.9 and where as resistance is now likely to be seen at 106.3, a move above could see prices testing 106.9.

Trading Ideas:

Aluminium trading range is 103.9-106.9.

India's National Aluminium Co. has raised prices by INR6,000 a metric ton

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

Aluminium above 104.50 mark looks positive till 106.50-108.

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