Century Aluminum Co. is hoping to restart major construction of its Helguvik smelter project in Iceland around the middle of the year after making progress on the financing for the project. Aluminum has touched a low of Rs 95.9 a kg after opening at Rs 96.9, and last traded at Rs97.5.For today market is looking for the support at 96.4, a break below could see a test of 95.3 and where as resistance is now likely to be seen at 98.1, a move above could see prices testing 98.7.98.1, a move above could see prices testing 98.7.

Trading Ideas:

Aluminium trading range is 95.3-98.7.

Century aluminum hopes to restart smelter construction mid-2010

Support for aluminium is at 96.30 and resistance is at 98.70 level.

Aluminium daily stock at Shanghai exchange came down by -124 tonnes.

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