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Aluminium

Aluminium prices gave a gap up opening in last session and it touched 52 week high but however it failed to sustain around the higher level and corrected down till 200 level. On daily chart prices has formed shooting star candlestick pattern which is a reversal pattern. Any rally towards 203.5 can be used as an selling opportunity for the target of 202.5 level on intraday basis.

SELL ALUMINIUM AROUND 203.5 SL ABOVE 204.5 TGT 202.5/201

Silver

Silver price edged higher in last trading session and rallied up till 72600 level. However it failed to sustain above the higher level and drifted lower towards 71500 level in last session. Overall trend is looking negative as prices is trading below 20 days EMA. We expect prices to touch 71000 level on the lower side which is a strong support zone for prices. As primay trend is positive for prices. Traders cn renter around 71000 level for the target of 71300 level on intraday basis.

BUY SILVER AROUND 71000 SL BELOW 70700 TGT 71300/71800

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