Wednesday, 6 March 2013

LEAD TREND FOR TODAY-07-March-2013



Lead is bearish for medium-long term .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Lead. 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 and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Lead is 120.Resistance for the Lead is 124-126-127-128-

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 The Lead is in downtrend For short term buy only if close above 123.0 The Lead is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 121.5 with a stop at 119.1 Below 118.5 go for sell
Intraday Resistance of LEAD are 120.6/121.2/122.3/126/129.2/134.6/137.7/143.7/149.7
Intraday Support of LEAD are 119.4/118.8/117.7/115.5/112.5/107.5/104.8/99.7/94.8

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