Buy Aluminium Above 212.50 SL Below 210 TGT 215.50/218 - Axis Securities
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ALUMINIUM
MCX Aluminium opened on a flat note and witnessed extreme volatility on either side for most part of the session. The hourly strength indicator RSI has turned positive from the oversold territory and is above its reference line indicating positive bias. Aluminium is trading above 50 hourly SMA's indicating positive bias in the ntraday.
BUY ALUMINIUM ABOVE 212.50 SL BELOW 210 TGT 215.50/218
Zinc
MCX Zinc opened on a flat note and buying momentum throughout the session. The chart pattern suggests that if Zinc crosses and sustains above 281.70 level it would witness buying which would push It towards 287-290 levels. Important support for the day is around 276.
BUY ZINC IN THE RANGE OF 281.70-281.20 SL BELOW 276 TGT 287/290
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