India, Sept. 24 -- Technically Aluminium market is under fresh selling as market has witnessed gain in open interest by 36. 29% to settled at 507 while prices down 0.15 rupees.
Now MCX Aluminium is getting support at 142.1 and below same could see a test of 140.9 levels and resistance is now likely to be seen at 144.5 a move above could see prices testing 145.7.
Aluminium yesterday settled down by 0.1% at 143.35 as climbing COVID-19 cases triggered worries among investors and risk-aversion demand boosted the US dollar. China s one-year and five-year Loan Prime Rate (LPR) were kept unchanged at 3.85% and 4.65% respectively.
China approved just 121000 mt of aluminium scrap for imports in its 12th batch of approvals bringing the total appro...