Monday, 1 April 2013

LEAD TREND FOR TODAY-02-April-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 .. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Immediate support for Lead is 113.Resistance for the Lead is 117-119-124-126-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead is moving sideways so short term investor better to buy if close above 118.15 closing below 113.2 Sell will happen. The Lead is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 116.3 with a stop at 114.3 Below 113.8 go for sell and put stop at 115.7
Intraday Resistance of LEAD are 115.8/116.4/119.9/123/128.3/131.3/137.1/143
Intraday Support of LEAD are 114.2/113.6/109.6/106.7/101.8/99.2/94.3/89.5

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