U. S. domestic primary aluminum production in November was 133,000 metric tons, down 3% from 137,000 tons the previous month and down 34% from 202,000 tons in November 2008, the U. S. Geological Survey said. Total aluminum recovered from scrap in November was 249,000 tons, 12% lower than the previous month and 13% higher then the year-ago period. Aluminium has touched a low of Rs 95.8 a kg after opening at Rs 96.55, and last traded at Rs97.75. For today market is looking for the support at 96.4, a break below could see a test of 95.05 and where as resistance is now likely to be seen at 98.5, a move above could see prices testing 99.25.

Trading Ideas:

Aluminium trading range is 93-101.

U. S. domestic primary aluminum production in November was 133,000 metric tons

Support for aluminium is at 96.60 and resistance is at 98.90 level.

Aluminium daily stock at Shanghai exchange came down by -1972 tonnes.

SELL ALUMINIUM JAN @ 98.50 SL 99.40 TGT 97.80-97-96.40. MCX