MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 04-01-2017

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 04-01-2017
MTECHTIPS Mcx 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. The oscillator is showing SELL signal For short term Aluminium is in HOLD SHORT position.Positionally Support for the Aluminium is 113-.Resistance for the Aluminium is 117-118-
Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in SELL position The Aluminium is in slight down trend. Hold short with tight stop at 116.0 If trades and sustain above 114.8 it is again selling signal The Aluminium is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend-The Aluminium closed in a confusion manner So buy for intraday only above 116.1 with a stop at 114.7 If opens below 114.7 or trade below 114.4 be cautious or go for sell with stop at 115.8
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