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Aluminium futures dip 0.25% on sluggish spot demand

MCX Tips India · · 17 views
Aluminium futures dip 0.25% on sluggish spot demand

Aluminium futures were trading lower during the noon trade in the domestic market on Monday as speculators cut down bets amid subdued demand from consuming industries at spot market. Analysts said offloading of positions by participants due to tepid demand from consuming industries in the spot market, mainly influenced aluminium prices at futures trade. At the MCX, aluminium futures for November 2017 contract is trading at Rs 140.60 per kg, down by 0.25 per cent, after opening at Rs 140.90, against a previous close of Rs 140.95. It touched the intra-day low of Rs 140.50 . SELL NICKEL BELOW 829 TGT 821 SL ABOVE 840 BUY SILVER ABOVE 39200 TGT 39400 SL BELOW 38950 SELL COPPER BELOW 450.50 TGT 448.50 SL ABOVE 453.50 BUY GOLD ABOVE 29150 TGT 29220 SL BELOW 29060 FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

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