Aluminium futures were little changed during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid an increase in physical demand for aluminium at the domestic spot market.Click Here http://ripplesadvisory.com.

At the MCX, aluminium futures for January 2017 contract is trading at Rs 122.30 per kg, up by 0.04 per cent, after opening at Rs 122, against a previous close of Rs 122.25. It touched the intra-day high of Rs 122.40.

                Trading Ideas

1. Aluminium trading range for the day is 119.6-124.2. 

2. Aluminium gained tracking LME prices supported by expectations that Chinese smelters would shut over the northern hemisphere  winter. 

3. Aluminium stocks at three major Japanese ports stood at 275,500 tonnes at the end of December, up 14.8 percent from the previous month.

4. Aluminum daily stocks at Shanghai exchange came up by 721 tonnes.