Friday, 15 March 2013

LEAD TREND FOR TODAY-16-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.Positionally Immediate support for Lead is 118.Resistance for the Lead is 121-122-124-126-127-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD LONG position Lead is in profit booking mode so better sell and enter at lower level The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 121.1 with a stop at 119 Below 118.4 go for sell
Intraday Resistance of LEAD are 120.3/120.9/121.8/125.7/128.8/134.3/137.4/143.3/149.4
Intraday Support of LEAD are 119.2/118.6/117.7/115.2/112.2/107.2/104.5/99.4/94.5

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