U.S. aluminum exports fell 47.8% in January from the previous month, but was up 44.7% from the previous year, the Commerce Department reported Thursday. Aluminium has touched a low of Rs 102.15 a kg after opening at Rs 102.15, and last traded at Rs102.35.For today market is looking for the support at 102.2, a break below could see a test of 102 and where as resistance is now likely to be seen at 102.5, a move above could see prices testing 102.6.

Trading Ideas:

Aluminium trading range is 102-102.6.

U.S. aluminum exports fell 47.8% in January from the previous month

Support for aluminium is at 101.15 and resistance is at 103.50 level.

Aluminium weekly stock at Shanghai exchange yesterday came up by 11316 tonnes.

BUY ALUMINIUM MAR @ 101.50-102 SL 100.70 TGT 102.60-103.20-104.MCX