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MCX:ALUMINIUM

206.85
+0.55 (0.27%)
Updated 01:13 30/07 IST

MCX:ALUMINIUM Buy or Sell - FrontPage Forums

1 Users have submitted 1 trade ideas of Rs. 92,621.88 for MCX:ALUMINIUM
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100% Bullish
0% Bearish

MCX:ALUMINIUM Buy or Sell - Brokerage Reports

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No. of analysts
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Average Consensus Forecast
Consensus Potential
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MCX:ALUMINIUM Share Price Discussion

Elavarasan in MCX-ALUMINIUM
#ALUMINIUM

#ALUMINIUM Taken 2 month time but worth it now hit 205💥💥💥
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Type
Sell
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹203.85
Price@Trade
₹203.9
Target Price
₹197
Stop Price
₹207
Valid Till
Aug 31, 2021 11:20 AM
Margin
₹185,487.5 approx for 10000 Qty
Status
Active
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Reply (1)
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TrackerBot @trackerbot
Yesterday 9:08 AM

Update
Trade Entered
Entry Price
₹203.85

Type
Sell
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹202.8
Price@Trade
₹202.8
Target Price
₹195
Stop Price
₹205
Valid Till
Aug 27, 2021 11:20 AM
Margin
₹92,675 approx for 5000 Qty
Status
Stoploss Hit
Exit Price
₹205
Net P&L
-₹11,000 (-11.87%)
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Reply (1)
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TrackerBot @trackerbot
Yesterday 1:21 AM

Update
Stoploss Hit
Exit Price
₹205

Type
Buy
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹202
Price@Trade
₹202.35
Target Price
₹235
Stop Price
₹197
Valid Till
Aug 31, 2021 11:20 AM
Margin
₹92,621.88 approx for 5000 Qty
Status
Active
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Reply (1)
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TrackerBot @trackerbot
Jul 28 4:51 AM

Update
Trade Entered
Entry Price
₹202

Type
Sell
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹201.75
Price@Trade
₹201.75
Target Price
₹195
Stop Price
₹205
Valid Till
Aug 27, 2021 11:20 AM
Margin
₹92,609.38 approx for 5000 Qty
Status
Stoploss Hit
Exit Price
₹205
Net P&L
-₹16,250 (-17.55%)
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TrackerBot @trackerbot
Yesterday 1:21 AM

Update
Stoploss Hit
Exit Price
₹205

Type
Sell
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹199.75  ₹199.85
Price@Trade
₹199.55
Target Price
₹193
Stop Price
₹202
Valid Till
Aug 27, 2021 11:20 AM
Margin
₹184,981.25 approx for 10000 Qty
Status
Stoploss Hit
Exit Price
₹202
Net P&L
-₹21,500 (-11.62%)
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TrackerBot @trackerbot
Jul 27 1:31 AM

Update
Trade Entered
Entry Price
₹199.85
TrackerBot @trackerbot
Jul 28 1:02 AM

Update
Stoploss Hit
Exit Price
₹202

Type
Buy
Instrument
ALUMINIUM 30JUL21 FUT
Entry Price
₹199.2
Price@Trade
₹199.2
Target Price
₹202.2
Stop Price
₹196.2
Valid Till
Jul 28, 2021 11:20 AM
Margin
₹92,450 approx for 5000 Qty
Status
Exited
Exit Price
₹200.2
Net P&L
+₹5,000 (+5.41%)
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Rama @rama-Byugzuinu
Jul 28 3:57 AM

Update
Exited
Exit Price
₹200.2
Net P&L
+₹5,000 (+5.41%)

Type
Sell
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹199.5
Price@Trade
₹199.15
Target Price
₹197.5
Stop Price
₹200.5
Valid Till
Jul 27, 2021 11:20 AM
Margin
₹92,465.63 approx for 5000 Qty
Status
Stoploss Hit
Exit Price
₹200.5
Net P&L
-₹5,000 (-5.41%)
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TrackerBot @trackerbot
Jul 27 10:12 AM

Update
Trade Entered
Entry Price
₹199.5
TrackerBot @trackerbot
Jul 27 11:59 AM

Update
Stoploss Hit
Exit Price
₹200.5

Type
Sell
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹199.65
Price@Trade
₹199.65
Target Price
₹197
Stop Price
₹201
Valid Till
Aug 31, 2021 11:20 AM
Margin
₹92,478.13 approx for 5000 Qty
Status
Exited
Exit Price
₹199.05
Net P&L
+₹3,000 (+3.24%)
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jayanth @jayanth-SJctMa--V
Jul 28 6:16 AM

Update
Exited
Exit Price
₹199.05
Net P&L
+₹3,000 (+3.24%)
A
Reputation: 0 • Jul 27 4:43 AM

Type
Buy
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹200.2
Price@Trade
₹200.2
Target Price
₹202
Stop Price
₹198
Valid Till
Jul 27, 2021 11:20 AM
Margin
₹92,512.5 approx for 5000 Qty
Status
Exited
Exit Price
₹200.35
Net P&L
+₹750 (+0.81%)
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Aku @aku-S1i4srpHu
Jul 27 5:10 AM

Update
Exited
Exit Price
₹200.35
Net P&L
+₹750 (+0.81%)

Type
Buy
Instrument
ALUMINIUM 30JUL21 FUT
Entry Price
₹199.3
Price@Trade
₹199.3
Target Price
₹201.3
Stop Price
₹198.5
Valid Till
Jul 30, 2021 11:20 AM
Margin
₹92,456.25 approx for 5000 Qty
Status
Stoploss Hit
Exit Price
₹198.5
Net P&L
-₹4,000 (-4.33%)
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TrackerBot @trackerbot
Jul 26 3:11 AM

Update
Stoploss Hit
Exit Price
₹198.5
Elavarasan in MCX-COPPER
#COPPER #LEAD #NICKEL #ALUMINIUM #ZINC
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2
Reputation: 0 • Jul 23 11:27 AM

Type
Sell
Instrument
ALUMINIUM 30JUL21 FUT
Entry Price
₹198.7
Price@Trade
₹198.15
Target Price
₹190
Stop Price
₹202
Valid Till
Jul 30, 2021 11:20 AM
Margin
₹369,537.5 approx for 20000 Qty
Status
Exited before entry
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Reply (1)
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270234 @270234
Jul 23 11:31 AM

Update
Exited before entry
Price @ Update
₹198.25

Type
Sell
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹200.6
Price@Trade
₹200.45
Target Price
₹194
Stop Price
₹205  ₹200.3
Valid Till
Aug 23, 2021 11:20 AM
Margin
₹92,534.38 approx for 5000 Qty
Status
Stoploss Hit
Exit Price
200.3
Net P&L
+₹1,500 (+1.62%)
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TrackerBot @trackerbot
Jul 23 11:09 AM

Update
Trade Entered
Entry Price
₹200.6
Krish4714 @krish4714
Jul 23 1:02 AM

Update
Stoploss Trailed
Price @ Update
₹200.2
Original SL
₹205
New SL
200.3
TrackerBot @trackerbot
Jul 23 1:16 AM

Update
Stoploss Hit
Exit Price
200.3

Type
Sell
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹200.05
Price@Trade
₹200.05
Target Price
₹193
Stop Price
₹205  ₹200.05
Valid Till
Jul 30, 2021 11:20 AM
Margin
₹92,503.13 approx for 5000 Qty
Status
Exited
Exit Price
₹200
Net P&L
+₹250 (+0.27%)
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Krish4714 @krish4714
Jul 26 7:06 AM

Update
Stoploss Trailed
Price @ Update
₹200
Original SL
₹205
New SL
₹200.05
Krish4714 @krish4714
Jul 26 7:06 AM

Update
Exited
Exit Price
₹200
Net P&L
+₹250 (+0.27%)

Type
Sell
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹199.15
Price@Trade
₹199.15
Target Price
₹196
Stop Price
₹204
Valid Till
Aug 23, 2021 11:20 AM
Margin
₹92,446.88 approx for 5000 Qty
Status
Exited
Exit Price
₹198.9
Net P&L
+₹1,250 (+1.35%)
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Krish4714 @krish4714
Jul 27 6:41 AM

Update
Exited
Exit Price
₹198.9
Net P&L
+₹1,250 (+1.35%)

Type
Sell
Instrument
ALUMINIUM 31AUG21 FUT
Entry Price
₹198.65
Price@Trade
₹198.65
Target Price
₹192
Stop Price
₹201  ₹198.5
Valid Till
Aug 20, 2021 11:20 AM
Margin
₹92,415.63 approx for 5000 Qty
Status
Stoploss Hit
Exit Price
₹198.5
Net P&L
+₹750 (+0.81%)
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Krish4714 @krish4714
Jul 22 4:08 AM

Update
Stoploss Trailed
Price @ Update
₹198.45
Original SL
₹201
New SL
₹198.5
TrackerBot @trackerbot
Jul 22 4:09 AM

Update
Stoploss Hit
Exit Price
₹198.5
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  • MCX:ALUMINIUM PRICE - 31AUG2021

    keyboard_arrow_down
    DateJul 30
    Open206.3
    High207.45
    Low205.7
    Previous Close206.85
    Volume1,326
  • MCX:ALUMINIUM PRICE - 30SEP2021

    keyboard_arrow_down
    DateJul 30
    Open206.15
    High206.65
    Low205.1
    Previous Close206.45
    Volume57
  • MCX:ALUMINIUM PRICE - 30JUL2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Jul 29202.4202.95201.9202.95
    Jul 28200.2200.3198.45200.3
    Jul 27199.55199.55198.5198.75
    Jul 26199199.1198.2199.1
    Jul 23196.95198.3196.25198.2
  • MCX:ALUMINIUM PRICE - 31AUG2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Jul 29201.5204201.5203.3
    Jul 28199.9201.25198.9201.2
    Jul 27199.85200.45198.75199.65
    Jul 26200.35201.3199.45200.85
    Jul 23199.2200.75198.7200.7
  • MCX:ALUMINIUM PRICE - 30SEP2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Jul 29201.9203201.8202.5
    Jul 28200201.25199.5201.2
    Jul 27200.8201.05200200.55
    Jul 26201.95202.4200.25201.7
    Jul 22199199199199
  • MCX:ALUMINIUM PRICE - 29OCT2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Jul 28201.7201.7201.7201.7
    Jul 27202.2202.2202.2202.2
    Jul 26204.05204.05204.05204.05
    Jul 23202.4202.4202.4202.4
    Jul 22200.75200.75200.75200.75
  • MCX:ALUMINIUM PRICE - 30NOV2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Jul 28202.7202.7202.7202.7
    Jul 27203.4203.4203.4203.4
    Jul 26206.05206.05206.05206.05
    Jul 23204.6204.6204.6204.6
    Jul 22202.7202.7202.7202.7
  • MCX:ALUMINIUM - Recent News

    keyboard_arrow_down
    NewsBot
    Sep 30, 2019 6:24 AM
    MCX Aluminium may trade between 133.6-137.8 levels
    commodityonline
    NewsBot
    Sep 30, 2019 6:22 AM
    Commodity Outlook: How gold, oil, base metals and agri commodities may trade today
    The Economic Times
    NewsBot
    Jul 26, 2019 6:42 AM
    MCX Aluminium may trade between 142.8-144.8 levels
    Commodity Online
  • MCX:ALUMINIUM - Related Communities

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  • MCX:ALUMINIUM - More Information

    keyboard_arrow_down

    MCX Aluminium
    Aluminium is one of the metal commodities that has been traded through MCX. MCX stands for the Multi Commodity Exchange. MCX is the exchange where you can trade commodities such as gold, silver, nickel and agricultural products like cotton, coffee, turmeric, etc. just like the BSE exchange where stocks of companies are traded. The trading mechanism done through MCX is pretty transparent, and it is disciplined with the regulatory framework.
    What is Aluminium?
    Aluminium is the most broadly used non-ferrous metal that is a silvery-white, soft, malleable metal. It's a chemical element in the boron group with symbol Al. It makes up about 8% by weight of the earth's solid surface, and it is the third most abundant metal of all elements in the earth crust after oxygen and silicon. The name is derived from alumen- the Latin name for alum.
    Aluminium is not found in the elemental state but only in combined forms as oxides or silicates because of its active correspondence with oxygen. Ancient Romans and Greeks used aluminium salts as dyeing mordants and as astringents for dressing injuries. Aluminium has a unique characteristic of recyclability. It can be 100% recycled without any loss of its natural properties.
    The International Resource Panel's Metal Stocks in Society report, says that the global per capita stock of aluminium that is used in cars, buildings and electronics is 80 kg. The aluminium used in developed countries is 350 kg–500 kg per capita rather than in less-developed countries is 35 kg per capita. The per capita stocks are the determinant to calculate their approximate lifespans and is essential for planning recycling. By consumption, aluminium is next to steel.
    Trade participants like Producers, processors, exporters, marketers, and SMEs with exposure to aluminium can manage their price risks by hedging. When contingency situation rises, modern risk management techniques and strategies, including market-based risk management financial instruments like 'Aluminium Futures', suggested on the MCX platform can improve efficiencies and combine competitiveness through price risk management. The value of risk management, thus, cannot be exaggerated.
    Reasons for trading Aluminium:
    • China is the foremost producer and consumer of a large percentage of the overall global aluminium market. The fast-growing Chinese economy has necessitated aluminium in recent years for construction, electronics, and transportation, and Chinese companies were the ones who supplied the metal. Therefore, if Chinese economic growth accelerates, then the country’s demand for aluminium will grow. This could create a supply shortage in supply and would increase the prices.
    • The global economy depends on transportation as one of the ways to support growth. As the global economy expands, the market for aluminium in automobiles and aerospace equipment could grow. Additionally, individuals need cars and trucks to travel to work, which obviously creates the demand for aluminium.
    • Investing a portion of a portfolio in aluminium along with other metals and other commodities, in general, is a smart way to achieve asset diversification.
    Factors Influencing the MCX Aluminium Market Price:
    1. Indian rupee and US dollar exchange rates and also the Aluminium prices ruling the international markets influence the market.
    2. Economic factors such as industrial growth, worldwide financial crisis, deflation, recession, and inflation are few of the factors that influence the Aluminium market.
    3. The price changes can happen due to Geopolitical events and commodity-specific circumstances like unexpected mine or plant closures due to natural disaster, supply disruption, accident, strike, and so on.
    4. Trade policies established by Government (implementation or suspension of taxes, penalties, and quotas) might lead to price fluctuations.
    5. China uses over 40% of the annual global supply of aluminium comes from China. Therefore, it is the biggest driver of its price. So, the robust growth in Chinese GDP over the past two decades has driven many industrial commodity prices higher.
    Before trading in Aluminium, it's better to know the Contract Specification of Aluminium:
    • Symbol ALUMINIUM
    • The contract starts at 1st of a contract launch month and the last trading day falls on the last day of the calendar of the contract expiry month. If the contract launch date falls on a holiday, then the following day the contract starts. Whereas, if the contract expiry day falls on a holiday, the previous day the contracts expire.
    • Trading Period: Mondays through Friday
    • Trading Session: Monday to Friday: From 9.00 a.m. to 11.30 p.m. / 11.55 p.m*
    • Trading Unit: 5 MT
    • Quotation/ Base Value: 1 kg
    • Price Quote: Ex-Warehouse at Chennai district in Tamil Nadu (excludes only GST).
    • Maximum Order Size: 150 MT
    • Tick Size (Minimum Price Movement): 5 Paisa per kg
    • Daily Price Limits Normally, the base price limit will be 4%. Whenever there is a breach in the base daily price limit, the relaxation will be allowed to 6%.In case, if the 6% base price limit the daily price limit will be relaxed up to 9% after a cooling-off period of 15 minutes.
    • Extreme Loss Margin: 1%
    • For individual clients: 25,000 MT or 5% of the market-wide open position, whichever is higher for all Aluminium contracts combined.
    • Collectively for all clients: 2,50,000 MT or 20% of the market-wide open position, considerably whichever is higher for all Aluminium contracts combined.
    Why discuss the MCX Aluminium rate today on Frontpage forum?
    • MCX ALUMINIUM community is all about discussions related to Aluminium rate, trading strategies, market information, and latest news related to MCX Aluminium.
    • You can find MCX Aluminium Live Charts shared by experts and other users.
    • You can also follow the 'Newsbot' account of FrontPage for finding the MCX Aluminium rate and all the latest share market news (Moneycontrol, Economictimes, Business Standard, Livemint) related to aluminium and all other stocks.
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