Monday, 17 June 2013

LEAD TREND FOR TODAY-18-Jun-2013

Lead is in long- medium- short-medium- term bull phase .Currently Lead is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Support for the Lead is 120-116-115-114-.Resistance for the Lead is 123-124-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead is in sideways so for short term better buy above 123.85 with stop at 120.4 The Lead is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 123.2 with a stop at 121.3 Below 120.8 go for sell
Intraday Resistance of LEAD are 122.9 : 123.7 : 127.6 : 129.9 : 133.3 : 136.7 : 139.1 : 141.6
Intraday Support of LEAD are 121.1 : 120.3 : 116.5 : 114.3 : 111.2 : 108.2 : 106 : 103.9

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