Report for Date: 11/01/2019 MCX Aluminum (Price figures below are in Rs/INR per Kg) Expect higher range of 131-132.4 to be tested. Support will be at 128.5-124.90. Traders can buy above 132.1 with low of the day stop loss or 128 whichever is lower. TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
130.1
128.0
UP
129
3.01
128.1
129.5
130.4
131.0
132.4
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. PRICE, VOLUME AND OPEN INTEREST STRATEGY
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