Kazakhstan produced 451,454 metric tons of primary aluminum in January to March, up 6.2% on the year, the state statistics agency said. Aluminium has touched a low of Rs 107.5 a kg after opening at Rs 107.9, and last traded at Rs107.8. For today market is looking for the support at 107.4, a break below could see a test of 107.1 and where as resistance is now likely to be seen at 108.2, a move above could see prices testing 108.7.

Trading Ideas:

Aluminium trading range is 107.1-108.7.

Kazakhstan produced 451,454 metric tons of primary aluminum in January to March

Support for aluminium is at 107.10 and resistance is at 108.70 level.

Aluminium daily stock at Shanghai exchange came down by 46 tonnes.

SELL ALUMINIUM APR @ 108.50 SL 109.20 TGT 107.60-106.50. MCX