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MCX:ALUMINIUM

150.65
-0.15 (-0.1%)
Updated 02:18 20/10 IST

MCX:ALUMINIUM Buy or Sell - FrontPage Forums

1 Users have submitted 1 trade ideas of Rs. 69,371.88 for MCX:ALUMINIUM
Disclaimer
100% Bullish
0% 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
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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

G
Reputation: -24,227 • Yesterday 2:06 AM

Type
Sell
Instrument
ALUMINIUM 30OCT20 FUT
Entry Price
₹151.2
Price@Trade
₹151.2
Target Price
₹146
Stop Price
₹154
Valid Till
Oct 30, 2020 11:20 AM
Margin
₹69,450 approx for 5000 Qty
Status
Active
Like
Reply

Type
Buy
Instrument
NATURALGAS 27OCT20 FUT
Entry Price
₹202.3
Price@Trade
₹202.5
Target Price
₹205
Stop Price
₹200
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹61,914.06 approx for 1250 Qty
Status
Waiting for entry
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Reply

ACC - 1497365
Quarterly earnings #ACC
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Reply
D
Reputation: 8,408 • Yesterday 2:04 AM

Type
Buy
Instrument
CRUDEOIL 19OCT20 FUT
Entry Price
₹3,000
Price@Trade
₹3,018
Target Price
₹3,045
Stop Price
₹2,983
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹302,972.5 approx for 100 Qty
Status
Waiting for entry
Like
Reply

Type
Buy
Instrument
SILVER 04DEC20 FUT
Entry Price
₹62,520
Price@Trade
₹62,520
Target Price
₹63,000
Stop Price
₹62,240
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹347,565 approx for 30 Qty
Status
Active
Like
Reply
Like
Reply

Type
Sell
Instrument
SILVER 04DEC20 FUT
Entry Price
₹62,510
Price@Trade
₹62,524
Target Price
₹62,300
Stop Price
₹62,700
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹347,560.88 approx for 30 Qty
Status
Active
Like
Reply (1)
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TrackerBot @trackerbot
Yesterday 2:04 AM

Update
Trade Entered
Entry Price
₹62,510

WIPRO - 1497356

WIPRO FORMED A DESCENDING TRIANGLE PATTERN IN 5 MINS TF

BUY ABOVE 345
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Like
Reply

Type
Sell
Instrument
CRUDEOIL 19NOV20 FUT
Entry Price
₹3,042
Price@Trade
₹3,037
Target Price
₹3,001
Stop Price
₹3,062
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹915,588.75 approx for 300 Qty
Status
Waiting for entry
Like
Reply

Type
Buy
Instrument
NATURALGAS 27OCT20 FUT
Entry Price
₹202.9
Price@Trade
₹203
Target Price
₹204
Stop Price
₹201.9
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹61,920.31 approx for 1250 Qty
Status
Active
Like
Reply (1)
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TrackerBot @trackerbot
Yesterday 2:00 AM

Update
Trade Entered
Entry Price
₹202.9
R
Reputation: 222 • Yesterday 1:59 AM

Type
Sell
Instrument
CRUDEOIL 19OCT20 FUT
Entry Price
₹3,014
Price@Trade
₹3,019
Target Price
₹2,950
Stop Price
₹3,050
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹302,968.75 approx for 100 Qty
Status
Active
Like
Reply (1)
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TrackerBot @trackerbot
Yesterday 2:02 AM

Update
Trade Entered
Entry Price
₹3,014
Z
Reputation: 12,056 • Yesterday 1:58 AM

Type
Sell
Instrument
ZINC 30OCT20 FUT
Entry Price
₹196.4
Price@Trade
₹196.4
Target Price
₹195.8
Stop Price
₹196.8
Valid Till
Oct 20, 2020 11:20 AM
Margin
₹1,122,750 approx for 50000 Qty
Status
Stoploss Hit
Exit Price
₹196.8
Net P&L
-₹20,000 (-1.78%)
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Reply (1)
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TrackerBot @trackerbot
Yesterday 2:03 AM

Update
Stoploss Hit
Exit Price
₹196.8
B
Reputation: -8,250 • Yesterday 1:55 AM

Type
Buy
Instrument
NATURALGAS 27OCT20 FUT
Entry Price
₹203.2
Price@Trade
₹203.2
Target Price
₹204.7
Stop Price
₹202.7
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹61,925 approx for 1250 Qty
Status
Stoploss Hit
Exit Price
₹202.7
Net P&L
-₹625 (-1.01%)
Like
Reply (1)
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TrackerBot @trackerbot
Yesterday 1:58 AM

Update
Stoploss Hit
Exit Price
₹202.7

Type
Buy
Instrument
ZINC 30OCT20 FUT
Entry Price
₹196.1
Price@Trade
₹196.2
Target Price
₹197.3
Stop Price
₹195
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹112,262.5 approx for 5000 Qty
Status
Waiting for entry
Like
Reply

Type
Sell
Instrument
SILVER 04DEC20 FUT
Entry Price
₹62,400
Price@Trade
₹62,400
Target Price
₹61,800
Stop Price
₹63,000
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹1,042,560 approx for 90 Qty
Status
Active
Like
Reply

Type
Buy
Instrument
NATURALGAS 27OCT20 FUT
Entry Price
₹201.5
Price@Trade
₹202.9
Target Price
₹204.5
Stop Price
₹198.5  200.4
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹61,920.31 approx for 1250 Qty
Status
Waiting for entry
Like
Reply (1)
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Small Income Trader @Smallincom
Yesterday 2:00 AM

Update
Stoploss Trailed
Price @ Update
₹202.9
Original SL
₹198.5
New SL
200.4

Type
Sell
Instrument
CRUDEOIL 19OCT20 FUT
Entry Price
₹3,008
Price@Trade
₹3,007
Target Price
₹2,990
Stop Price
₹3,018
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹302,961.25 approx for 100 Qty
Status
Stoploss Hit
Exit Price
₹3,018
Net P&L
-₹1,000 (-0.33%)
Like
Reply (2)
See all replies
TrackerBot @trackerbot
Yesterday 1:54 AM

Update
Trade Entered
Entry Price
₹3,008
TrackerBot @trackerbot
Yesterday 1:59 AM

Update
Stoploss Hit
Exit Price
₹3,018

Type
Sell
Instrument
SILVER 04DEC20 FUT
Entry Price
₹62,400
Price@Trade
₹62,351
Target Price
₹62,200
Stop Price
₹62,600
Valid Till
Oct 19, 2020 11:20 AM
Margin
₹347,520 approx for 30 Qty
Status
Active
Like
Reply (1)
See all replies
TrackerBot @trackerbot
Yesterday 1:54 AM

Update
Trade Entered
Entry Price
₹62,400
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  • MCX:ALUMINIUM PRICE - 30OCT2020

    keyboard_arrow_down
    DateOct 20
    Open150.8
    High151
    Low150.1
    Previous Close150.65
    Volume707
  • MCX:ALUMINIUM PRICE - 27NOV2020

    keyboard_arrow_down
    DateOct 20
    Open148.3
    High148.5
    Low148
    Previous Close148.2
    Volume22
  • MCX:ALUMINIUM PRICE - 30OCT2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Oct 19151.3151.85150.55151.45
    Oct 16150.3150.75149.35150.55
    Oct 15150.25150.4148.8149.1
    Oct 14152.8152.8151.85152.2
    Oct 13152152.75151.75152.4
  • MCX:ALUMINIUM PRICE - 27NOV2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Oct 19149.05149.8148.75149.1
    Oct 16148.15149147.65148.6
    Oct 15148.8149.15147.5147.65
    Oct 14151.05151.05149.8150.3
    Oct 13150150.5149.6150.45
  • MCX:ALUMINIUM PRICE - 31DEC2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Oct 16146.4146.4146.4146.4
    Oct 15147.85147.85147.85147.85
    Oct 14147.85147.85147.85147.85
    Oct 13148.25148.25148.25148.25
    Oct 12145.55145.55145.55145.55
  • MCX:ALUMINIUM PRICE - 29JAN2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Oct 16144.55144.55144.55144.55
    Oct 15146.65146.65146.65146.65
    Oct 14145.65145.65145.65145.65
    Oct 13146.4146.4146.4146.4
    Oct 12143.3143.3143.3143.3
  • MCX:ALUMINIUM PRICE - 26FEB2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Oct 16142.75142.75142.75142.75
    Oct 15145.5145.5145.5145.5
    Oct 14143.55143.55143.55143.55
    Oct 13144.6144.6144.6144.6
    Oct 12141.1141.1141.1141.1
  • 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
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    MCX:NATURALGAS
    Forum to share and discuss long term ...
    MCX:COPPER
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    Trades, views and discussion on forex...
    MCX:NICKEL
  • 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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