Total world aluminum inventories in March 2010 fell by 88,000 metric tons to 2.183 million metric tons, from a revised 2.271 million tons in February, according to figures released Monday by the International Aluminum Institute. Aluminium has touched a low of Rs 101.4 a kg after opening at Rs 103, and last traded at Rs101.5.For today market is looking for the support at 100.8, a break below could see a test of 100 and where as resistance is now likely to be seen at 102.9, a move above could see prices testing 104.3.

Aluminium trading range is 100-104.3.

Total world aluminum inventories in March 2010 fell by 88,000 metric tons

Support for aluminium is at 100.80 and resistance is at 102.90 level.

Aluminium daily stock at Shanghai exchange came up by 54 tonnes.

SELL ALUMINIUM APR @ 102 SL 103 TGT 101.20-100.60.MCX

YESTERDAY LME STOCK FOR ALUMINIUM CAME DOWN  BY -9000