Technically market is under fresh buying as market has witnessed gain in open interest by 0.09% to settled at 7905 while prices up 0.05 rupee, now Aluminium is getting support at 101.4 and below same could see a test of 100.6 level, and resistance is now likely to be seen at 102.8, a move above could see prices testing 103.4.
Trading Ideas:
--Aluminium trading range for the day is 100.6-103.4.
--Aluminium settled flat as the US dollar index showed limited change given limited economic releases.
--Global demand for primary aluminium is set to rise 7 percent in 2014 on the back of solid growth in China –Alcoa
--Technically market is under fresh buying as market has witnessed gain in open interest by 0.09% to settled at 7905.
www.punjiniveshonline.com
Trading Ideas:
--Aluminium trading range for the day is 100.6-103.4.
--Aluminium settled flat as the US dollar index showed limited change given limited economic releases.
--Global demand for primary aluminium is set to rise 7 percent in 2014 on the back of solid growth in China –Alcoa
--Technically market is under fresh buying as market has witnessed gain in open interest by 0.09% to settled at 7905.
www.punjiniveshonline.com
No comments:
Post a Comment