Aluminum stockpiles in Japan dropped 1.2 percent in April from March, the second straight month of decline. Aluminium has touched a low of Rs 94.7 a kg after opening at Rs 94.95, and last traded at Rs96.8.For today market is looking for the support at 95.3, a break below could see a test of 93.8 and where as resistance is now likely to be seen at 97.7, a move above could see prices testing 98.7.

Trading Ideas:

Trading Ideas:

Aluminium trading range is 93.8-98.7.

Japan aluminum stockpiles decline for second month on demand

Support for aluminium is at 95.30 and resistance is at 97.70 level.

Aluminium daily stock at Shanghai exchange came up by 573 tonnes.

SELL ALUMINIUM MAY @ 96.50 SL 97.50 TGT 95.80-94.60.MCX