mcx aluminium future outlook for 23 to 27 may 2016

mcx aluminium future outlook for 23 to 27 may 2016 Mcx aluminium future this week closed with gain. After last 2 weeks sharp fall, aluminium saw some technical bounce back.   My 103.3 target is achieved now next tgt will be 95 if sustain below 103. While reversal from here may take aluminium up to 107+.   For next week, mcx aluminium future support zones are 100 and 98. On upside 105 and 106 are resistances.   Traders above 103 keep buy and accumulate view for tgt 107 while below it expect short seller’s tgt at 100 and below.

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Pramod Baviskar

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