Output of aluminium semi-finished products in Italy is set to be flat or slightly higher this year than in 2009 as the industry slowly recovers from the crisis. Aluminium has touched a low of Rs 99.5 a kg after opening at Rs 101.15, and last traded at Rs99.7.For today market is looking for the support at 99.1, a break below could see a test of 98.4 and where as resistance is now likely to be seen at 100.8, a move above could see prices testing 101.9.

Trading Ideas:

Aluminium trading range is 98.4-101.9.

Output of aluminium products in Italy is set to be flat

Support for aluminium is at 99.10 and resistance is at 100.80 level.

Aluminium daily stock at Shanghai exchange came up by 24 tonnes.  

BUY ALUMINIUM MAR @ 100 SL 99.20 TGT 100.80-101.50.