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ALUMINIUM

Aluminium prices gave a gap up opening in last session 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 followed by a red candle which is a reversal pattern. Any rally towards 204.5 can be used as an selling opportunity for the target of 203.5 level on intraday basis.

SELL ALUMINIUM AROUND 204.5 SL ABOVE 205.5 TGT 203.5/202

COPPER

Copper prices edged higher in last trading session and closed around 797 level. However on daily chart prices has formed shooting star candle which is a reversal candle. Overall trend will be sell on rise as long as high of the shooting star is intact. Immediate resistance can be seen around 804 level which can be used as an selling opportunity for the target of 801 on intraday basis.

SELL COPPER AROUND 804 SL ABOVE 807 TGT 801/797

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