Tuesday, 5 March 2013

LEAD TREND FOR TODAY-06-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 Lead is now trading in oversold level. The Lead is now trading in oversold level. 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 HOLD SHORT position The Lead is in downtrend For short term buy only if close above 124.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 123.9 with a stop at 121.5 Below 120.9 go for sell and put stop at 123.3
Intraday Resistance of LEAD are 123.2/123.9/127.7/130.9/136.4/139.5/145.4/151.5
Intraday Support of LEAD are 121.6/120.9/117.1/114.1/109/106.3/101.2/96.2
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