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 .. The Lead is now trading in oversold level. The Lead is now trading in oversold level. The oscillator is showing BUY signal For short term Lead is in SELL position.Positionally Immediate support for Lead is 118.Resistance for the Lead is 121-122-126-127-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead is in sideways so for short term better buy above 121.15 with stop at 118.4 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 121.8 with a stop at 119.7 Below 119.2 go for sell and put stop at 121.3
Intraday Resistance of LEAD are 121.6/122.5/125.3/128.5/133.9/137/142.9/148.9
Intraday Support of LEAD are 119.4/118.5/114.8/111.8/106.8/104.1/99.1/94.2

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