Tuesday, 5 February 2013

LEAD TREND FOR TODAY-06-FEB-2013

Lead is in perfect uptrend .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Lead is 128-127-126-125-122-. Immediate resistance for Lead is 133

Short term and Intraday Level of LEAD

Currently Lead is in HOLD LONG position Lead is moving sideways so short term investor better to buy only above 131.7 with stop at 128.9 The Lead is now trading is approaching overbought level. The oscillator is on SELL signal and Lead is coming down from overbought level
Intraday Trend- Buy is advised above 131.2 with a stop at 129.7 Below 129.4 go for sell
Intraday Resistance of LEAD are 130.9/131.5/135.8/139/144.7/147.9/154/160.3
Intraday Support of LEAD are 129.7/129.1/124.8/121.7/116.5/113.7/108.4/103.3


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