Monday, 4 March 2013

LEAD TREND FOR TODAY-05-March-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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Immediate support for Lead is 122.Resistance for the Lead is 124-126-127-128-

Short term and Intraday Level of LEAD

Currently Lead is in SELL position Lead has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below120.6 Buy if above 125.65 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 123.7 with a stop at 121.3 Below 120.6 go for sell
Intraday Resistance of LEAD are 123.2/124.1/128.1/131.3/136.8/139.9/145.9/152
Intraday Support of LEAD are 121.1/120.2/117.4/114.4/109.4/106.6/101.5/96.6

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