Mcx aluminium might correct up to 112.9

Mcx aluminium intraday outlook 4th November 2016 Mcx aluminium intraday outlook 4th November 2016 Mcx aluminium future last closed at 113.75 with loss. Mcx aluminium from last 2 session closing down suggesting weakness as well as continue profit booking by strong hands. Mcx aluminium gas future intraday outlook remain weak and strategy remain as sell on rise.   For intraday, mcx aluminium intraday resistances are 115 and 116 and these are fresh short entry zones. On downside aluminium have target zones at 112.5 and 110.5 levels.   Positional traders can go short around 116 with stop loss for downside targets 113 and then 110.5.

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Pramod Baviskar

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