Aluminium yesterday traded with the positive node and settled 0.31% up at 111.25. Some pressure had been seen from the LME stock also which came up by 30625mt, the total stock at LME is now at 4461975mt. In yesterday's trading session aluminium has touched the low of 110.9 after opening at 111.05, and finally settled at 111.25. For today's session market is looking to take support at 110.8, a break below could see a test of 110.4 and where as resistance is now likely to be seen at 111.8, a move above could see prices testing 112.3.

Trading Ideas:

Aluminium trading range is 110.4-112.3.

Aluminium yesterday traded with the positive node and settled 0.31% up

Aluminium is taking support at 110.40 and resistance at 112.30 level.

Aluminium daily stocks at Shanghai exchange came down by 2592 tonnes