Sunday, 13 January 2013

LEAD TREND FOR TODAY-14-JAN-2013


Lead is in long- medium- term bull phase .Currently Lead is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Support for the Lead is 124-121-120-.Resistance for the Lead is 127-129-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead is moving sideways so short term investor better to buy if close above 128.55 closing below 125.75 Sell will happen. The Lead is now trading is approaching oversold level. The Lead is now trading is approaching oversold level. The oscillator is on BUY Signal and Lead is recovering from oversold level
Intraday Trend- Buy is advised only above 127.5 with a stop at 125.4 Below 124.9 go for sell and put stop at 127
Intraday Resistance of LEAD are 126.4/126.5/131.6/134.9/140.5/143.6/149.7/155.8
Intraday Support of LEAD are 126/125.9/120.9/117.8/112.7/109.9/104.7/99.7




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