Sunday, 27 January 2013

LEAD TREND FOR TODAY-28-JAN-2013


Lead is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Lead is in HOLD LONG position.Positionally Support for the Lead is 126-125-123-121-. Immediate resistance for Lead is 130

Short term and Intraday Level of LEAD

Currently Lead is in HOLD LONG position In short term Lead is in strong up trend so hold with stop at 126 The Lead is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 128.7 with a stop at 126.2 Below 125.5 go for sell with stop at 128
Intraday Resistance of LEAD are 128.4/129.5/133.2/136.4/142/145.2/151.3/157.5
Intraday Support of LEAD are 125.8/124.7/122.3/119.3/114.1/111.3/106.1/101





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