Thursday, 28 February 2013

LEAD TREND FOR TODAY-01-March-2013


Lead is bearish for medium-long term .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in SELLposition.Positionally Immediate support for Lead is 123.Resistance for the Lead is 127-128-129-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD LONG position Lead is in sideways and sellers was at high so for short term better buy above 126.1 or hold with stop at 123.2 The next resistance will be at 125.65 The Lead is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 126.1 with a stop at 123.9 Below 123.4 go for sell and put stop at 125.6
Intraday Resistance of LEAD are 125.5/126.2/130.3/133.5/139.1/142.2/148.2/154.4
Intraday Support of LEAD are 124/123.3/119.6/116.5/111.4/108.7/103.5/98.5
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