Aluminium stocks held at three major Japanese ports came to 223,600 tonnes at the end of December, rising for the first time since August. Aluminum stockpiles fell 8,581 tons to 434,020 tons, the lowest level in more than eight months, based on a survey of warehouses in Shanghai. Aluminium has touched a low of Rs 112.15 a kg after opening at Rs 112.25, and last traded at Rs112.25.For today market is looking for the support at 112.2, a break below could see a test of 112.1 and where as resistance is now likely to be seen at 112.3, a move above could see prices testing 112.4.

Trading Ideas:

Aluminium trading range is 112.1-112.4.

Aluminium stocks held at three major Japanese ports came to 223,600t at the end of December

Aluminium is taking support at 111.30 and resistance at 113.40 level.

Aluminium weekly stocks at Shanghai exchange came down by 8581 tonnes