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Sunday, February 19, 2017

ALUMINIUM UPDATES FOR FEB 19 2017

SUNDAY



WEEKLY UPDATE





Mcx Aluminum last week moved from 125 levels to 127.5 and then dropped to close at 125.5 levels,



chart formation is like double top and we expect correction in the commodity up to 123 – 121 levels,




sell on rises is advisable with strong resistance above 127.5 levels,




immediate supports for the commodity is at 124.5 – 123.8 – 123 levels.




Weekly Call :




Sell Mcx Aluminum on rises between 125.8 – 126.25




with SL above 127.5




for target 123.




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Sunday, February 12, 2017

ALUMINIUM UPDATES FOR FEB 12 2017

SUNDAY




WEEKLY UPDATE




Mcx Aluminum was trading in the narrow range for more than a week between 122 – 123 levels and



on Friday prices has given a breakout and closed at 124.9 almost at 125 levels, trend for



the commodity remains bullish for now and we expect prices to give further move up to 128 levels



in the days to come strong supports for the commodity is at 122.8 levels.



Buy on dips is advisable.



Weekly Call :



Buy Mcx Aluminum on dips between 124 – 124.5




with SL below 122.75



for targets 127 – 128.




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Monday, February 6, 2017

ALUMINIUM UPDATES FOR FEB 6 2017

MONDAY 7.50 MPM IST





TRADING CALL




Buy Mcx Alumini at 122.5-122.7,



SL blw 121.7




Tgt 123.5-124.2




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