Aluminium futures, which faced a moderation in price over the last two sessions, is now trading at ₹343 (per kg).

The broader trend is up and even though the contract softened recently, the uptrend is intact. The immediate outlook for aluminium futures is positive, as the support at ₹340 stays valid.

Going ahead, we will most likely see a rally to ₹350, a resistance. If this level is breached, the contract will be able to go higher, probably to ₹375.

On the other hand, if aluminium futures breaches the support at ₹340, it will open the door for a decline to ₹333, a potential support. The nearest base below ₹333 is at ₹325.

Here is our expectation given the above factors. Aluminium futures is likely to slip to ₹340 and then see a rally to ₹350. Therefore, traders can consider buying. That said, the movement after the contract touches ₹350 is uncertain at the moment. 

Trade strategy

Buy aluminium futures if the price softens to ₹341. Place stop-loss at ₹338. When the contract rises to ₹346, tighten the stop-loss to ₹341. Book profits at ₹350.

Published on March 17, 2026