Free mcx Aluminium monthly tips for nov 2016
Mcx aluminium future on last trading session closed at 115.75 with gain. Mcx aluminium future in last series achieved my given targets of 113 and 116. We saw strong rally from 108 to above 1166. For month of November, mcx aluminium outlook is positive and investors above 112.9 keep buy and accumulate view for this. Mcx aluminium monthly resistances as well target zones are 118.5 and 121.8. These are short to medium term target zones. Mcx aluminium price trend above 112.9 will remain strong bullish. Mcx aluminium weekly closing below 112.9 will change trend on downside and in that scenario, metal traders must change trading strategy to sell on rise side. Below 112.9, mcx aluminium future monthly support zones are 110 and 104. And these will be target zones on downtrend. Mcx aluminium weekly chart, price trend and momentum both are strong bullish. Mcx aluminium slowly heading towards its medium to long term target of 120 rupee. Above 120 next long term target will be 139.