Aluminium futures were little changed during morning trade in the domestic market on Wednesday as participants build up fresh bets in the industrial metal amid rise in physical demand for aluminium at the domestic spot market.Further, increase in physical demand for aluminium at the domestic spot market was led by widening of positions by traders in the spot market, supported aluminium prices at futures trade.
                    At the MCX, aluminium futures for December 2016 contract is trading at Rs 117.35 per kg, up by 0.09%, after opening at Rs 117.10, against a previous close of Rs 117.25. It touched the intra-day high of Rs 117.35.

Get us on http://www.ripplesadvisory.com/services.phpclick here, more and for Two days Free Trial drop your missed call on -9303093093.

Technically market is under long liquidation as market has witnessed drop in open interest by -15.23% to settled at 2939 while prices down -0.95 rupee, now Aluminium is getting support at 116.8 and below same could see a test of 116.4 level, And resistance is now likely to be seen at 117.9, a move above could see prices testing 118.6.