MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 01-02-2017

MTECHTIPS MCX ALUMINIUM INTRADAY trading tips 01-02-2017

MTECHTIPS Mcx Aluminium is in long- medium- short-medium- term bull phase .Currently Aluminium is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The Aluminium is now trading in overbought level. The Aluminium is now trading in overbought level. The oscillator is showing SELL signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 120-119-118-116-.Resistance for the Aluminium is 124-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position The Aluminium is in downtrend For short term buy only if close above 124.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 121.9 The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 123.6 with a stop at 122.1 Below 121.8 go for sell and put stop at 123.3.

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