Aluminium prices have been in a strong rise since mid-May this year. The Aluminium Futures Contract on the Multi Commodity Exchange (MCX) has surged about 18 per cent from the low of ₹230 per kg made in May this year. The Aluminium November Futures contract is currently trading at ₹271 per kg.
Outlook
The overall uptrend is intact, and the outlook is bullish. Support for the contract is at ₹269.50. As long as the contract stays above this resistance, the outlook will remains bullish.
Immediate resistance is at ₹275. A break above it can take the MCX Aluminium contract up to ₹280 in a week or two.
In case the contract declines below ₹269.50, the near-term outlook can become negative. That can drag the contract down to ₹267-266 initially and even to ₹264-262 eventually.
However, such a fall will just be a correction within the broader uptrend. There are good chances for the upmove to resume from around ₹262 in that case.
Trade Strategy
Traders can go long now at ₹271 and accumulate at ₹270. Keep the stop-loss at ₹267. Trail the stop-loss up to ₹273 as soon as the contract goes up to ₹275. Move the stop-loss further up to ₹275 when the price touches ₹277. Exit the long positions at ₹278.
Published on October 27, 2025
