LEAD TREND FOR TODAY-20-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 HOLD SHORT position.Positionally Immediate support for Lead is 116.Resistance for the Lead is 120-123-126-127-

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 119.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 119.6 with a stop at 116.7 Below 115.9 go for sell and put stop at 118.8
Intraday Resistance of LEAD are 118.8/119.6/123.1/126.2/131.6/134.7/140.5/146.5
Intraday Support of LEAD are 116.7/115.9/112.7/109.7/104.8/102.1/97.1/92.3

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