MCX-NCDEX Commodity Trading Trend Report Today:
Aluminum- MCX Aluminum may note some gains tracking copper prices. Also supporting prices is recent jump in cancel warrants at LME warehouses.
Support for Aluminum May contract is seen at Rs.113.5 while resistance of Rs.117.
Zinc- MCX Zinc may note some gains tracking copper prices. Also positive outlook for the metal by Goldman Sachs may support prices.
Support for MCX Zinc May contract is seen at Rs.99 while Resistance is seen at Rs.102.5.
Nickel- MCX Nickel may note some gains tracking international exchanges. Supporting prices is higher copper prices, weakness in US Dollar and falling stocks at LME warehouses.
Support for MCX Nickel May contract is seen at Rs.1,030 while Resistance is seen at Rs.1,080.
Lead- MCX Lead may note some gains tracking copper prices,however the upside remains capped. Weighing onprices is rising stocks at LME warehouses.
Support for MCX Lead May contract is seen at Rs.113.5 while Resistance is seen at Rs.117.
Steel- NCDEX Steel may trade sideways with a positive bias amid mix global cues and rebound in industrial metals.
Support for NCDEX Steel June contract is seen at Rs.28800 while Resistance is seen at Rs.29500. 
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