Wednesday, 13 March 2013

LEAD TREND FOR TODAY-14-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 .. 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 HOLD SHORT position and closed above 1 week high with volume signals up breakout.Positionally Support for the Lead is 121-.Resistance for the Lead is 125-126-127-

Short term and Intraday Level of LEAD

Lead closed above 1 week high with volume signals up breakoutCurrently Lead is in HOLD LONG position Lead is in sideways and sellers was at high so for short term better buy above 123.4 or hold with stop at 118.4 The next resistance will be at 122.45 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 123.4 with a stop at 121.3 Below 120.7 go for sell and put stop at 122.8
Intraday Resistance of LEAD are 123.2/124.1/127/130.2/135.7/138.8/144.7/150.8
Intraday Support of LEAD are 120.9/120/116.4/113.4/108.4/105.7/100.6/95.6

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