Aluminium yesterday traded with the positive node and settled 0.99% up at 110.75. Although base metals prices lost gains during the day, the strong buying at the low-end of price range helped support aluminum prices. Trading sentiment improved slightly but buyers still made limited purchases due to rapid increases in aluminum prices recently. For today's session market is looking to take support at 109.4, a break below could see a test of 108 and where as resistance is now likely to be seen at 111.6, a move above could see prices testing 112.4.

Trading Ideas:

Aluminium trading range is 108-112.4.

Aluminium ended firm as the strong buying at the low-end

Aluminium is taking resistance at 111.80 and support is seen at 109.60.

Aluminium daily stocks at Shanghai exchange came down by 3106 tonnes.

SELL ALUMINIUM DEC @ 110.75 SL 111.75 TGT 110-109.20-108.50.MCX