MCX Aluminum may note some gains tracking copper prices. Also lending support to prices is recent production cuts however record high stocks at LME may cap the upside. Stocks at LME fell by 3325 tons yesterday after hitting new high of 5121300 tons on Wednesday while cancel warrants rose to 30.3%. Support for Aluminum February contract is seen at Rs.105.5 while resistance of Rs.108.5.
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