EPIC RESEARCH MCX ALUMINIUM UPDATE OF 03 FEBRUARY 2017

Posted by aditi on 10:36:00 with No comments
Aluminium trading range for the day is 121.2-123.6. Aluminium gained as prices remained supported tracking rise in LME prices by 0.6% amid continuous talk of potential capacity cuts in China. China's factory activity expanded for the seventh straight month in January, giving Beijing more room to tackle chronic imbalances in the economy. Technically market is under short covering as market has witnessed drop in open interest by -2.4% to settle at 1951.

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