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MCX:ALUMINIUM

146.3
+0.35 (0.24%)
Updated 11:38 13/08 IST

MCX:ALUMINIUM Buy or Sell - FrontPage Forums

4 Users have submitted 6 trade ideas of Rs. 1,175,075.01 for MCX:ALUMINIUM
Disclaimer
17% Bullish
83% Bearish

MCX:ALUMINIUM Buy or Sell - Brokerage Reports

No. of reports in last year
0
No. of analysts
0
Average Consensus Forecast
Consensus Potential
0.00%
See MCX:ALUMINIUM Share Price Targets >>

MCX:ALUMINIUM Ratings

Long term MCX:ALUMINIUM rating by FrontPage users
0/5 (0 Ratings)0
Find answers to all your questions on live MCX:ALUMINIUM message board: Is MCX:ALUMINIUM buy or sell? Should I buy MCX:ALUMINIUM shares? Why are MCX:ALUMINIUM shares falling? Should I invest in MCX:ALUMINIUM stock?

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MCX:ALUMINIUM Share Price Discussion

P
Reputation: 8,666 • Just now

Type
Sell
Instrument
ALUMINIUM 31AUG20 FUT
Entry Price
₹146.1
Price@Trade
₹146.1
Target Price
₹145
Stop Price
₹147
Valid Till
Aug 20, 2020 11:20 AM
Margin
₹69,131.25 approx for 5000 Qty
Status
Active
Like
Reply
P
Reputation: -1,206 • Just now

Type
Buy
Instrument
BHARTIARTL AUG20 570 CE
Entry Price
₹12.75
Price@Trade
₹12.75
Target Price
₹50
Stop Price
₹5
Valid Till
Aug 27, 2020 3:20 AM
Margin
₹23,600.25 approx for 1851 Qty
Status
Active
Like
Reply
T
Reputation: 888 • Just now

Type
Buy
Instrument
CRUDEOIL 19AUG20 FUT
Entry Price
₹3,187
Price@Trade
₹3,188
Target Price
₹3,214
Stop Price
₹3,172
Valid Till
Aug 13, 2020 11:20 AM
Margin
₹321,785 approx for 100 Qty
Status
Waiting for entry
Like
Reply
S
Reputation: 1,673 • Just now
Sonu in SIEMENS
#SIEMENS is good to take a trade on at 1171.50
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Reply
A
Reputation: 307,519 • Just now

Type
Buy
Instrument
NIFTY 13AUG20 11500 CE
Entry Price
₹0.55
Price@Trade
₹0.5
Target Price
₹1
Stop Price
₹0.45
Valid Till
Aug 13, 2020 3:20 AM
Margin
₹825,000 approx for 1500000 Qty
Status
Waiting for entry
Like
Reply
R
Reputation: 735 • Just now

Type
Buy
Instrument
IGL
Entry Price
₹395.4
Price@Trade
₹395.4
Target Price
₹412
Stop Price
₹384
Valid Till
Aug 20, 2020 3:20 AM
Margin
₹395,400 approx for 1000 Qty
Status
Active
Like
Reply
P
Reputation: 3,830 • Just now
Pyramidstock in BHARTIARTL
buy airtel cmp 538-537 Sl 523 tgt 550-560-580-6...
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Like
Reply
B
Reputation: -1,566 • Just now


Upl 500 Ce given yesterday at 12.5
17.55 high💥💥
6500 Per lot😍😍
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Reply
Y
Reputation: 1,968 • Just now

Type
Sell
Instrument
SILVERM 31AUG20 FUT
Entry Price
₹67,056
Price@Trade
₹67,056
Target Price
₹65,000
Stop Price
₹69,000
Valid Till
Aug 13, 2020 11:20 AM
Margin
₹152,992.13 approx for 10 Qty
Status
Active
Like
Reply
P
Reputation: -1,206 • Just now

Type
Buy
Instrument
BHARTIARTL
Entry Price
₹547.5
Price@Trade
₹547.5
Target Price
₹565
Stop Price
₹535
Valid Till
Aug 13, 2020 3:20 AM
Margin
₹54,750 approx for 100 Qty
Status
Active
Like
Reply

#titan @ 1075 sl1060.3 target: 1094
Like
Reply

Type
Buy
Instrument
HDFC AUG20 FUT
Entry Price
₹1,812
Price@Trade
₹1,814.7
Target Price
₹1,845
Stop Price
₹1,795
Valid Till
Aug 27, 2020 3:20 AM
Margin
₹149,089.35 approx for 300 Qty
Status
Waiting for entry
Like
Reply
B
Reputation: -14,862 • Just now

Type
Buy
Instrument
BERGEPAINT
Entry Price
₹553
Price@Trade
₹553.9
Target Price
₹650
Stop Price
₹530
Valid Till
Sep 11, 2020 3:20 AM
Margin
₹55,300 approx for 100 Qty
Status
Active
Like
Reply (1)
Latest replies

Update
Trade Entered
Entry Price
₹553

Type
Buy
Instrument
BANKNIFTY 13AUG20 22100 CE
Entry Price
₹305  ₹300
Price@Trade
₹313.15
Target Price
₹600
Stop Price
₹100
Valid Till
Aug 13, 2020 3:20 AM
Margin
₹300,000 approx for 1000 Qty
Status
Waiting for entry
Like
Reply (2)
Latest replies

Update
Entry Price Modified
Price @ Update
₹313
Original Entry Price
₹305
New Entry Price
₹310

Update
Entry Price Modified
Price @ Update
₹309.6
Original Entry Price
₹310
New Entry Price
₹300
C
Reputation: 3,380 • Just now

Intraday Commodity and index technical outlook and strong trend levels...✨👇👇
Crude aug...
Crude sustaining above 3164 targets 3225 / 3300
And Sustaining below 3146 targets 3131 / 30555 possible...
Ng Aug..
Sustaining Above 160... taregts 162.30 / 168
Below 158.50 ... ta...
Read more...
Like
Reply
C
Reputation: 3,380 • Just now

Intraday Commodity and index technical outlook and strong trend levels...✨👇👇
Crude aug...
Crude sustaining above 3164 targets 3225 / 3300
And Sustaining below 3146 targets 3131 / 30555 possible...
Ng Aug..
Sustaining Above 160... taregts 162.30 / 168
Below 158.50 ... ...
Read more...
Like
Reply
M
Reputation: -1,708 • Just now

Type
Buy
Instrument
NIFTY 13AUG20 11250 CE
Entry Price
₹99
Price@Trade
₹98.4
Target Price
₹121
Stop Price
₹81
Valid Till
Aug 13, 2020 3:20 AM
Margin
₹29,700 approx for 300 Qty
Status
Active
Like
Reply (1)
Latest replies

Update
Trade Entered
Entry Price
₹99
C
Reputation: 3,380 • Just now

Intraday Commodity and index technical outlook and strong trend levels...✨👇👇
Crude aug...
Crude sustaining above 3164 targets 3225 / 3300
And Sustaining below 3146 targets 3131 / 30555 possible...
Ng Aug..
Sustaining Above 160... taregts 162.30 / 168
Below 158.50 ... ...
Read more...
Like
Reply
C
Reputation: 3,380 • Just now

Intraday Commodity and index technical outlook and strong trend levels...✨👇👇
Crude aug...
Crude sustaining above 3164 targets 3225 / 3300
And Sustaining below 3146 targets 3131 / 30555 possible...
Ng Aug..
Sustaining Above 160... taregts 162.30 / 168
Below 158.50 ...
Read more...
Like
Reply
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  • MCX:ALUMINIUM PRICE - 31AUG2020

    keyboard_arrow_down
    DateAug 13
    Open145.95
    High146.4
    Low145.95
    Previous Close146.3
    Volume240
  • MCX:ALUMINIUM PRICE - 30SEP2020

    keyboard_arrow_down
    DateAug 12
    Open146.8
    High147.95
    Low146.4
    Previous Close146.95
    Volume39
  • MCX:ALUMINIUM PRICE - 31AUG2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Aug 12145.95147.1145.3146.7
    Aug 11146.75147.05146.15146.4
    Aug 10145.25145.65144.75145.5
    Aug 7146.75147.4146.35147.15
    Aug 6145.9147.3145.9146.5
  • MCX:ALUMINIUM PRICE - 30SEP2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Aug 12146.8147.95146.4147.6
    Aug 11147.5148.05147.35147.6
    Aug 10145.45146.5145.2146.4
    Aug 7147.5147.75146.9147.5
    Aug 6147.1147.5146.7147.2
  • MCX:ALUMINIUM PRICE - 30OCT2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Aug 11149.35149.35149.35149.35
    Aug 10146.35146.35146.35146.35
    Aug 7147.8147.8147.8147.8
    Aug 6146.3146.3146.3146.3
    Aug 5147.35147.35147.35147.35
  • MCX:ALUMINIUM PRICE - 27NOV2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Aug 11150.5150.5150.5150.5
    Aug 10146.95146.95146.95146.95
    Aug 7148.2148.2148.2148.2
    Aug 6146.55146.55146.55146.55
    Aug 5147.95147.95147.95147.95
  • MCX:ALUMINIUM PRICE - 31DEC2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Aug 11151.9151.9151.9151.9
    Aug 10147.65147.65147.65147.65
    Aug 7148.7148.7148.7148.7
    Aug 6146.9146.9146.9146.9
    Aug 5148.65148.65148.65148.65
  • 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

    keyboard_arrow_down
    MCX:GOLD
    MCX:SILVER
    MCX:NATURALGAS
    MCX:COPPER
    MCX:ZINC
    Forum to share and discuss long term ...
    MCX:NICKEL
    Trades, views and discussion on forex...
  • 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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