- Support / Resistance levels: Stock has tested 200 lvl's three times. Has taken support @ 181 lvl's. Max calls on the 200 strikes also would imply a kinda upper boundary
- Reports of China inspecting AL factories (CNBC)
- Fundamentally our target is at INR 205 as we see limited upside (cost pressures and limited volume expansion capacity)
- Cash vs Future basis turning positive. Last week basis had traded into discount of as good as -20 bps, whereas currently trading premium of 20 bps.
- y'day spot witnessed lowest volumes for the month while deliver% also remained @ just 44% against average del % of 52%.
- technically the stock was trading on the lower band of the Bollinger lvl's and today it...