Kazakhstan produced 762,666 metric tons of primary aluminum in the first five months of the year, an increase of 7% compared with the same period last year. Aluminium has touched a low of Rs 88.55 a kg after opening at Rs 88.7, and last traded at Rs88.8.For today market is looking for the support at 88.6, a break below could see a test of 88.4 and where as resistance is now likely to be seen at 89, a move above could see prices testing 89.1.

Trading Ideas:

Aluminium trading range is 88.4-89.1.

Kazakhstan produced 762,666 metric tons of primary aluminum

Support for aluminium is at 87.60 and resistance is at 89.90 level.

Aluminum weekly stock at Shanghai exchange down up by -60 tonnes.

BUY ALUMINIUM JUNE ABV 89.20 SL 88.20 TGT 90-90.80-91.60.MCX