Mtechtips ALUMINIUM MCX  intraday trading analysis 31-12-2012

mcx aluminium from short term view looks bearish and traders must watch for 10.5 support if breaks go short for targets of 109-108-106. if reversal then again may touch 115 top in jan series but that look less possible as momentum is on sell side. fro medium to long term view,correction may continue and below top of 115 ,correction and profit booking may show 108 and if that breaks on weekly closing basis then again 103-101 bottom.





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