Thursday, 11 April 2013

LEAD TREND FOR TODAY-12-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 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 111.Resistance for the Lead is 114-116-120-123-124-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position In short term Lead is in strong up trend so hold with stop at 112 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 114.1 with a stop at 111.8 Below 111.2 go for sell with stop at 113.5
Intraday Resistance of LEAD are 113.3/113.9/114.9/118/121.1/126.4/129.4/135.1/141
Intraday Support of LEAD are 112/111.4/110.4/107.8/104.9/100.1/97.5/92.6/87.9

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