Aluminium futures were trading higher during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the industrial metal amid increase in physical demand for aluminium at the domestic spot market. 

Updates Visit Us www.ripplesadvisory.com

At the MCX, aluminium futures for February 2017 contract is trading at Rs 125.45 per kg, up by 0.48 per cent, after opening at Rs 125.20, against a previous close of Rs 124.85. It touched the intra-day high of Rs 125.65.

                       Trading Ideas

1.  Aluminium trading range for the day is 122-126.4.

2. Aluminium prices ended with gains after China reported better-than-expected trade data for January. 

3.  China exported 390,000 tonnes of unwrought aluminium and aluminium products in January, in line with December's figure. 

4. Australia's Tomago Aluminium smelter has been forced to shut down operations to conserve power as a heat wave grips much of the country, a government official said.