Primary aluminium stocks in China, the world's top consumer and producer of the metal, have risen more than 45 percent from January on increased production. Aluminium has touched a low of Rs 107.35 a kg after opening at Rs 107.8, and last traded at Rs108.45.For today market is looking for the support at 107.5, a break below could see a test of 106.6 and where as resistance is now likely to be seen at 109.3, a move above could see prices testing 110.1.

Trading Ideas:

Aluminium trading range is 106.6-110.1.

China aluminium stocks rise more than 45%

Support for aluminium is at 107.50 and resistance is at 109.30 level.

Aluminium daily stock at Shanghai exchange came up by 3296 tonnes.

ALUMINIUM WAIT FOR FRESH ENTRY RANGE IS 105-109.