Aluminium stocks held at three major Japanese ports came to 190,500 tonnes at the end of April, down 2,300 tonnes, or 1.2 percent, from a month earlier. Aluminium has touched a low of Rs 93.5 a kg after opening at Rs 94.55, and last traded at Rs93.6.For today market is looking for the support at 93.2, a break below could see a test of 92.8 and where as resistance is now likely to be seen at 94.3, a move above could see prices testing 94.9.

Trading Ideas:

Aluminium trading range is 92.8-94.9.

Japan April aluminium stocks fall 1.2 pct m/m

Support for aluminium is at 92.80 and resistance is at 94.90 level.

Aluminium weekly stock at Shanghai exchange came up by 44794 tonnes.

SELL ALUMINIUM MAY @ 93.50 SL 94.50 TGT 92.20-90.80.MCX