Thursday, 7 March 2013

LEAD TREND FOR TODAY-08-March-2013


 Lead is bearish for medium-long term .Currently Lead is in strong downtrend with good momentum 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.Positionally Immediate support for Lead is 119.Resistance for the Lead is 123-124-126-127-128-

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 122.0 The Lead is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 121.6 with a stop at 119.4 Below 118.8 go for sell and put stop at 121
Intraday Resistance of LEAD are 121.4/122.3/125.3/128.5/134/137/142.9/149
Intraday Support of LEAD are 119/118.1/114.8/111.9/106.9/104.2/99.1/94.2
                                         
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