Wednesday, 17 April 2013

LEAD TREND FOR TODAY-17-April-2013


Lead is bearish for medium-long term .Currently Lead is in strong downtrend and the trend is supported with good volume 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 108.Resistance for the Lead is 113-115-119-122-123-
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 112.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 112.9 with a stop at 110.8 Below 110.2 go for sell and put stop at 112.3
Intraday Resistance of LEAD are 112.1/112.7/113.6/116.1/119.2/124.4/127.4/133.1/138.9
Intraday Support of LEAD are 111/110.4/109.5/106/103.2/98.4/95.8/90.9/86.2

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