Thursday 4 April 2013

LEAD TREND FOR TODAY-05-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 . In last few days volume based selling happened in the Lead. The oscillator is showing SELL signal For short term Lead is in SELLposition.Positionally Immediate support for Lead is 111.Resistance for the Lead is 115-116-118-122-124-

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 114.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 116.3 with a stop at 112.7 Below 111.7 go for sell and put stop at 115.2
Intraday Resistance of LEAD are 115/116/117.7/118.5/121.6/126.9/129.9/135.6/141.5
Intraday Support of LEAD are 112.9/111.9/110.2/108.3/105.4/100.6/97.9/93.1/88.3
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