China, the world's largest aluminum producer and user, in April exported more of the metal than it imported for the first time since the end of 2008 as supply outpaced demand. Aluminium has touched a low of Rs 94.15 a kg after opening at Rs 95.25, and last traded at Rs96.25.For today market is looking for the support at 93.7, a break below could see a test of 91.2 and where as resistance is now likely to be seen at 99.3, a move above could see prices testing 102.3.

Trading Ideas:

Aluminium trading range is 91.2-102.3.

China becomes net aluminum exporter for first time since 2008

Support for aluminium is at 95.10 and resistance is at 97.40 level.

Aluminium daily stock at Shanghai exchange came down by -3412 tonnes.

SELL ALUMINIUM MAY BELOW 96 SL 98.80 TGT 94.80-93.50.MCX