Mcx aluminium approaching major support 113

 

Mcx aluminium approaching major support 113

Mcx aluminium outlook for 17th November 2016

 

Mcx aluminium future last closed at 115.4.

 

Aluminium is coming off from high on profit booking.

 

Aluminium future almost achieved my given both swing target now is it is approaching support zone of 113.

 

Mcx aluminium outlook remain bullish and use this correction to buy and accumulate.

 

On downside 113 will be best buy zone with stop loss.

 

On upside 115.5 and 117 are target zones.

 

Reversal from 113 will be best buy for positional traders for targets 118 and 121 again.

 

 

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