Aluminium futures, currently trading at ₹265 (per kg) has been in an uptrend since May. The latest leg of upswing began early this month and the prevailing price action hints at further appreciation from the current level.
The contract has now surpassed a barrier at ₹264, indicating that the bull trend retains good momentum.
That said, there is a chance for aluminium futures to see a corrective decline, which can possibly drag the contract to ₹262-263 price band. But then, the contract is expected to resume the rally, which is likely to take it to ₹280-282 price region. A breakout of ₹282 will open the door for a rally to ₹300.
On the other hand, if aluminium futures slips below the ₹262, the downswing will most likely extend to ₹258 where the contract is likely to find a trendline support.
Only a breach of ₹258 will turn the outlook bearish. Until then, the bulls are likely to maintain the upper hand.
Overall, from the current level of ₹265, aluminium futures can drop to ₹263 and then begin the rally towards ₹280.
Trade strategy
Buy aluminium futures (Sep) at ₹264. Target and stop-loss can be at ₹280 and ₹256 respectively.
Published on October 9, 2025
