Mcx:

1. May Aluminium is trading @ 112, it made a low of 111.50 & unable to break its support of 110, this is a good sign for sharp up move.

One can go long from the current level of 112, we are expecting it may show 115-118 level soon, maintain stop loss below 110 mark.

2. May Nickel was trading on good note in the afternoon, but was unable to sustain above 1128 mark which is a strong resistance & the result was it gave huge downside rally from 1124 to 1066 that is 58 rs down,

But the important support stands @ 1040-1052 & Nickel Gave bounce back from a good note, that is 1066 mark to 1075 current price,

We are positive on nickel above 1040 mark.