MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 24-10-2016
MTECHTIPS MCX Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in SELL position.Positionally Immediate support for Aluminium is 107.Resistance for the Aluminium is 110-111-
Short term and Intraday Level of ALUMINIUM
Currently Aluminium is in HOLD SHORT position Aluminium is in sideways so for short term better buy above 111.7 with stop at 107.15 The Aluminium is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 109.5 with a stop at 108.1 Below 107.8 go for sell and put stop at 109.2.