MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 02-01-2017

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 02-01-2017
MTECHTIPS Aluminium is in long- term bull phase .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 . In last few days volume based selling happened in the Aluminium Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Support for the Aluminium is 113-.Resistance for the Aluminium is 117-118-
Short term and Intraday Level of ALUMINIUM

Aluminium and closed below 1 week low with volume signals down breakoutCurrently Aluminium is in HOLD SHORT position The Aluminium was in downtrend but yesterday market closed in confusion so book short if any or hold with tight stop at 117.0 If trades and sustain above 115.85 it is a covering signal The Aluminium is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend-The Aluminium closed in a confusion manner So sell for intraday Only below 114.1 with a stop at 115.7 If opens above 115.7 or trade above 116.1 go for buy with stop at 114.5
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