Wednesday, 19 June 2013

LEAD TREND FOR TODAY-19-Jun-2013

Lead is in long- medium- short-medium- term bull phase .Currently Lead is in strong downtrend with good momentum 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 showing SELL signal For short term Lead is in SELL position.Positionally Support for the Lead is 123-121-116-115-. Immediate resistance for Lead is 129
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position Lead is moving sideways so short term investor better to buy if close above 123.85 closing below 120.4 Sell will happen. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 124.8 with a stop at 122.9 Below 122.4 go for sell and put stop at 124.3
Intraday Resistance of LEAD are 124.5 : 125.3 : 129.2 : 131.6 : 135 : 138.4 : 140.8 : 143.3
Intraday Support of LEAD are 122.7 : 121.9 : 118.1 : 115.9 : 112.7 : 109.7 : 107.5 : 105.3

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