Tuesday, 12 March 2013

LEAD TREND FOR TODAY-12-March-2013



Lead is bearish for medium-long term .Currently Lead is in strong downtrend with good momentum 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 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 118.Resistance for the Lead is 122-123-126-127-128-

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 121.0 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 120.5 with a stop at 118.4 Below 117.9 go for sell
Intraday Resistance of LEAD are 119.8/120.4/121.4/124.7/127.8/133.3/136.4/142.3/148.3
Intraday Support of LEAD are 118.6/118/117/114.2/111.2/106.3/103.6/98.5/93.6
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