MCX Aluminium may trade between 140.2 142.4 levels
India, Jan. 8 -- Technically MCX Aluminium is getting support at 140. 7 and below same could see a test of 140.2 levels and resistance is now likely to be seen at 141.8 a move above could see prices testing 142.4. Aluminium on MCX settled down 0.11% at 141.3 on profit booking after prices gained China s services sector continued to expand in December albeit at a slower pace following a strong rebound to a seven-month high in the previous month.Data showed an increase in social inventories of primary aluminium ingots in China due to greater arrivals and weaker demand. Inventories are likely to maintain the growth ahead of the Lunar New Year holiday.The second phase of Yunnan Aluminium s aluminium smelting project in Heqing county Yunnan prov...
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