Aluminium likely to gain

Japan's production of flat-rolled aluminum mill products in March rose 19% from February and was up 66% from a year earlier at 120,361 metric tons, according to preliminary data from the Ministry of Economy, Trade and Industry released.

Aluminium has touched a low of Rs 97.6 a kg after opening at Rs 98.5, and last traded at Rs99.35.

For today market is looking for the support at 98, a break below could see a test of 96.6 and where as resistance is now likely to be seen at 100.3, a move above could see prices testing 101.3. Trading Ideas:

Aluminium trading range is 96.6-101.3.

Japan's production of flat-rolled aluminum mill products in March rose 19%

Support for aluminium is at 98 and resistance is at 100.30 level.

Aluminium weekly stock at Shanghai exchange came up by 8700 tonnes.

BUY ALUMINIUM MAY AT 98 SL 96.70 TGT 99.80-100.50-101.60.MCX