Monday, 25 February 2013

LEAD TREND FOR TODAY-26-FEB-2013


Lead is bearish for medium-long term .Currently Lead is in strong downtrend 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 Immediate support for Lead is 123.Resistance for the Lead is 126-127-129-130-

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 126.0 The Lead is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 125.6 with a stop at 122.8 Below 122 go for sell
Intraday Resistance of LEAD are 124.7/125.5/129.5/132.7/138.2/141.3/147.3/153.5
Intraday Support of LEAD are 122.9/122.1/118.8/115.7/110.7/107.9/102.8/97.8

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