Aluminium settled flat as pressure came after LME stocks jumped 30,425 tonnes to 2,154,825 tonnes due to arrivals in Busan. Aluminium LME cancelled warrants at 871,575 tonnes were up 13,125 tonnes, a move also centred on Busan.  Emerging markets are likely to see more sovereign downgrades than upgrades for the next year or two, ratings firm Standard and Poor's warned.

 An encouraging U.S. factory report helped brighten the outlook for metals demand, following improving signals in China and Europe. U.S. factories ramped up activity in September, shaking off a one-month contraction in a sign the United States was resisting the downward pull of the sluggish global economy.For More Information RipplesAdvisory,Ripples_Advisory,Ripples Market Tips Ripplesadvisory.com and you can call us on :-9827808090.

                          Trading Ideas

1. Aluminium trading range for the day is 109.2-113.4.

2. Aluminium settled flat as pressure came after LME stocks jumped 30,425 tonnes to 2,154,825 tonnes due to arrivals in Busan.

3. Aluminium LME cancelled warrants at 871,575 tonnes were up 13,125 tonnes, a move also centred on Busan.