Wednesday 20 February 2013

LEAD TREND FOR TODAY-21-FEB-2013


Lead is in long- term bull phase .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 SELL signal For short term Lead is in HOLD LONG position and closed below 3 week low with volume signals down breakout.Positionally Support for the Lead is 125-124-.Resistance for the Lead is 129-130-131-

Short term and Intraday Level of LEAD

Lead and closed below 1 week low with volume signals down breakoutCurrently 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 below125.4 Buy if above 132.65 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 128.3 with a stop at 126 Below 125.4 go for sell
Intraday Resistance of LEAD are 128/129/132.9/136.1/141.8/144.9/151/157.2
Intraday Support of LEAD are 125.7/124.7/122.1/119/113.8/111/105.8/100.8

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