Friday 22 February 2013

LEAD TREND FOR TODAY-23-FEB-2013


Lead is in long- term bull phase .Currently Lead is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Lead. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Support for the Lead is 124-.Resistance for the Lead is 127-129-130-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 128.0 The Lead is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 126.5 with a stop at 123.7 Below 123 go for sell
Intraday Resistance of LEAD are 125.5/126.3/127.6/131/134.2/139.8/143/149/155.2
Intraday Support of LEAD are 124/123.2/121.9/120.3/117.2/112.1/109.3/104.2/99.1

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