ZOID RESEARCH 13- MAY-2014 : ALUMINIUM

In our previous day’s report we had suggested buying the white metal from lower levels. The reason that we had projected was prices already trading lower and reaching near cost of production while falling inventory at LME may support the metal. Eventually, the metal ended higher at $1787 up by $16 from its previous close. Likewise at MCX the May future settled at Rs. 104.75.

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