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Base metals outlook by Kotak
Edited by : AL CIRCLE
1 min read
MCX Aluminum may note gains tracking firmness in international exchange. Supporting prices is firmness in copper prices and falling stocks at LME. Stocks at LME rose by 2,050 tons yesterday after declining by 16650 tons last week. Meanwhile cancel warrants ratio jumped to 37.5% signaling demand in physical markets. Support for Aluminum June contract is seen at Rs 105 while resistance of Rs 108.
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