India, Jan. 20 -- Technically Aluminium market is under fresh buying as market has witnessed gain in open interest by 0. 66% to settled at 914 while prices up 0.4 rupees.
Now MCX Aluminium is getting support at 160.4 and below same could see a test of 159.1 levels and resistance is now likely to be seen at 162.6 a move above could see prices testing 163.5.
Aluminium yesterday settled up by 0.25% at 161.75 supported by a reminder of the new administration s commitment to reflating an economy still badly depressed by the Covid-19 pandemic.
Biden will take office as the next president of the US on Wednesday and Yellen the nominee of the US Treasury Secretary will attend the Senate hearing which is expected to defend the $1.9 trillion econom...