Aluminium prices have been stable over the last one week. The Aluminium Futures contract traded on the Multi Commodity Exchange (MCX) is stuck between ₹253 and ₹259 per kg. Within this range, the contract touched a high of ₹258.75 per kg on Monday and has come down slightly from there. It is currently trading at ₹257.50 per kg.
Outlook
The immediate outlook is unclear. Support is around ₹257. Immediate resistance is at ₹259 which is the upper end of the current range. Above that, ₹261-₹262 is the next important resistance zone.
Even if the contract breaks the current range above ₹257, it may not be very bullish. A subsequent rise above ₹262 is needed to turn the outlook convincingly bullish. Only then the upside will open up for a fresh rally to ₹269-₹270.
On the other hand, if the contract breaks the range below ₹253, it can come under pressure. Such a break can drag the MCX Aluminium Futures contract down to ₹249.
The fall to ₹249 if seen can be bearish from a medium-term perspective. It will increase the danger of the fall extending to ₹243 in the coming weeks. A corrective bounce from around ₹249 towards ₹253-255 is a possibility before the fall to ₹43 happens.
Strategy
Since the immediate outlook is unclear, we suggest traders to stay out of the market for now.
Published on September 30, 2025
