Thursday, 17 January 2013

LEAD TREND FOR TODAY-18-JAN-2013


Lead is in long- term bull phase .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Lead Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in SELLposition.Positionally Support for the Lead is 122-121-.Resistance for the Lead is 126-127-128-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below122.2 Buy if above 126.75 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 above 124.7 with a stop at 122.7 Below 122.2 go for sell
Intraday Resistance of LEAD are 124.4/125.2/128.6/131.8/137.3/140.4/146.4/152.5
Intraday Support of LEAD are 122.5/121.7/118/114.9/109.9/107.1/102/97

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1 comments :

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