Sunday, 24 March 2013

LEAD TREND FOR TODAY-25-March-2013


Lead is bearish for medium-long term .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is on BUY Signal and Lead is recovering from oversold level For short term Lead is in HOLD SHORT position.Positionally Immediate support for Lead is 116.Resistance for the Lead is 122-126-127-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD LONG position Lead is in sideways and sellers was at high so for short term better buy above 120.3 or hold with stop at 116.7 The next resistance will be at 119.2 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 120.3 with a stop at 118.3 Below 117.7 go for sell and put stop at 119.7
Intraday Resistance of LEAD are 119.3/119.6/124.2/127.4/132.8/135.9/141.7/147.8
Intraday Support of LEAD are 118.7/118.4/113.8/110.8/105.8/103.1/98.1/93.2

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