MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 14-12-2016

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 14-12-2016

MTECHTIPS Mcx Aluminium is in long- medium- short-medium- term bull phase .Currently Aluminium is in strong downtrend with good momentum but volume is unsatisfactory 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 Support for the Aluminium is 117-115-112-. Immediate resistance for Aluminium is 123

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 118.7 with stop at 115.4 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 118.7 with a stop at 117.2 Below 116.9 go for sell and put stop at 118.4

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