MCX ALUMINIUM December prediction-remain bearish and sell on rise below 135.3

MCX ALUMINIUM monthly prediction for dec. 2017

 

Mcx aluminium future in month of november closed at 131.8 with loss.

for month of december, mcx aluminium is in downtrend and trading below major resistance of 135.3 but prices are in oversold states so expect bounce back.

below 135.3, expect downtrend and lower level up to 128 to 124. but if gives breakout above 135.3 then expect strong short covering rally up to 

from long term view, aluminium future achieved 141.4 long term tgt and now correcting towards 128 rupee level.

 

 

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Pramod Baviskar

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