China's aluminium output in 2010 may climb to more than 15 million tonnes and its smelting capacity grow between 2 million tonnes to 3 million tonnes. Aluminium has touched a low of Rs 92.25 a kg after opening at Rs 95.3, and last traded at Rs94.05.For today market is looking for the support at 92.4, a break below could see a test of 90.8 and where as resistance is now likely to be seen at 95.6, a move above could see prices testing 97.1.

Trading Ideas:

Aluminium trading range is 91.2-97.5.

Chinese 2010 aluminium capacity seen growing more than 15pct

Support for aluminium is at 93.80 and resistance is at 95.20 level.

Aluminium daily stock at Shanghai exchange came up by 1359 tonnes.

SELL ALUMINIUM MAY @ 94.50 SL 95.50 TGT 93.80-92.60.MCX