Aluminium costs maintain increased. The value has been broadly range-bound during the last one week. The Aluminium Futures contract traded on the Multi Commodity Change (MCX) has been oscillating between ₹268 and ₹275 per kg. Inside this it’s at the moment buying and selling at ₹273 per kg.
Outlook
The broader uptrend stays intact for the MCX Aluminium Futures contract. Vital assist is at ₹268. So long as the contract stays above this assist, the outlook will proceed to be bullish. So, there are good probabilities to see a bullish breakout of the present consolidation above ₹275. Such a break can take the MCX Aluminium contract as much as ₹282-₹283 within the quick time period.
The near-term outlook will flip adverse if the contract declines under ₹268. If that occurs, a fall to ₹264-263 is feasible. The uptrend will come beneath hazard provided that the contract extends the autumn under ₹263. In that case, ₹258-₹257 will be seen on the draw back. Such a fall seems much less doubtless in the intervening time. Additionally, it is going to want some robust adverse set off to interrupt under ₹263.
Commerce Technique
Final week we have now beneficial to take lengthy positions at ₹271 and ₹270. Maintain on to that commerce. Retain the stop-loss at ₹267 and comply with the identical technique. Path the stop-loss as much as ₹273 as quickly because the contract goes as much as ₹275. Transfer the stop-loss additional as much as ₹275 when the value touches ₹277. Exit the lengthy positions at ₹278.
Revealed on November 4, 2025
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