Bosnia's aluminium producers and processors, the country's top exporters, warned on Wednesday that many of them will not be able to survive unless the government helps them get access to more and cheaper funds soon.

Aluminium has touched a low of Rs 99.6 a kg after opening at Rs 100.95, and last traded at Rs101.

For today market is looking for the support at 100, a break below could see a test of 99.1 and where as resistance is now likely to be seen at 101.5, a move above could see prices testing 102.1.

Trading Ideas:

Aluminium trading range is 99.1-102.1.

Bosnia aluminium producers seek govt aid to survive

Support for aluminium is at 100.10 and resistance is at 102.10 level.

Aluminium daily stock at Shanghai exchange yesterday came up by 26 tonnes.

SELL ALUMINIUM MAR AT 101.50 SL 102.40 TGT 100.80-100.20-99.50.MCX

Courtesy: Kedia Commodities

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