Aluminium yesterday traded with the positive node and settled 0.05% up at 97.25. Some support had been seen from the LME stock also which came down by -7025mt, the total stock at LME is now at 4598650mt. In yesterday's trading session aluminium has touched the low of 96.75 after opening at 96.75, and finally settled at 97.25.

For today's session market is looking to take support at 96.9, a break below could see a test of 96.5 and where as resistance is now likely to be seen at 97.5, a move above could see prices testing 97.8.

Trading Ideas:

Aluminium trading range is 96.5-97.8.

Alcoa postpones Italian aluminum smelter shutdown

Support for aluminium is at 96.10 and resistance is at 98.40 level.

A strong move is expected above 100 mark till 102-104 level

BUY ALUMINIUM FEB @ 95.50 SL 94.60 TGT 96.20-97.10.MCX