Emirates Aluminium, which currently produces 300,000 tonnes a day, expects to hit the 700,000 tonnes per year mark by December. Aluminium has touched a low of Rs 102.4 a kg after opening at Rs 103.25, and last traded at Rs102.55.For today market is looking for the support at 102.2, a break below could see a test of 101.8 and where as resistance is now likely to be seen at 103.2, a move above could see prices testing 103.8.

Trading Ideas:

Aluminium trading range is 101.8-103.8.

Emirates aluminum to double output by December

Support for aluminium is at 101.80 and resistance is at 103.20 level.

Aluminium daily stock at Shanghai exchange yesterday down up by -3635 tonnes.

BUY ALUMINIUM MAR @ 101.60 SL 100.70 TGT 102.60-103.20-104.MCX