Aluminium output in the fourth quarter rose 19 percent to a record 159,000 tonnes, with full-year production rising 15 percent from 2009. Aluminium has touched a low of Rs 102.85 a kg after opening at Rs 103.7, and last traded at Rs104.25.For today market is looking for the support at 103.3, a break below could see a test of 102.3 and where as resistance is now likely to be seen at 104.8, a move above could see prices testing 105.4.

Trading Ideas:

Aluminium trading range is 102.3-105.4.

Vedanta posts record output of aluminium

Support for aluminium is at 103.30 and resistance is at 104.80 level.

Aluminium daily stock at Shanghai exchange came up by 5296 tonnes.

ALUMINIUM WAIT FOR FRESH POSITION RANGE IS 103-105.