Monday, 18 March 2013

LEAD TREND FOR TODAY-19-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 . Noting point is selling at lower levels seems decreasing. 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 below 1 month low with volume signals down breakout.Positionally Immediate support for Lead is 116.Resistance for the Lead is 120-121-123-126-127-

Short term and Intraday Level of LEAD

Lead and closed below 1 week low with volume signals down breakoutCurrently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 120.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 118.6 with a stop at 116.5 Below 116 go for sell
Intraday Resistance of LEAD are 118.1/118.9/120.3/122.9/126.1/131.5/134.5/140.4/146.4
Intraday Support of LEAD are 116.5/115.7/114.3/112.5/109.6/104.7/102/97/92.1

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