Major support is placed at Rs 200. If prices hold the same expect recovery upticks. Else, there are chances of liquidation pressure to continue the day.
#ALUMINIUM It has been trading in a parallel downward sloping channel for sometime. Currently it is trading in a sideway and it can breakout from parallel channel. Traders should keep it in their watchlist.
MCX Aluminium Sept: Day Trend Bullish. Buying Zone 200.50-199.50. Reversal support near 198.45. Possible upside 203. Extreme level at 208.Below 198.45 if it sustains the price might fall till 196.5 which is the next good support
The aluminum looks like taken one of its best support. until it stay above 190, chances for that to hit 400. Then what is it going to be for NALCO, Hindalco and VEDL..
Stock markets clues are often derived from Commodity market.