Sunday 20 January 2013

LEAD TREND FOR TODAY-21-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 Lead is now trading in oversold level. The Lead is now trading in oversold level. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Support for the Lead is 122-121-.Resistance for the Lead is 126-127-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead is in sideways so for short term better buy above 125.55 with stop at 122.25 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 125.3 with a stop at 123.1 Below 122.6 go for sell and put stop at 124.7
Intraday Resistance of LEAD are 124.1/124.3/129.2/132.4/138/141.1/147.1/153.2
Intraday Support of LEAD are 123.7/123.5/118.5/115.5/110.5/107.7/102.6/97.6

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