Wednesday, 19 June 2013

LEAD TREND FOR TODAY-20-Jun-2013

Lead is in long- medium- term bull phase .Currently Lead is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Support for the Lead is 116-115-.Resistance for the Lead is 122-123-124-
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 121 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 123 with a stop at 120.2 Below 119.5 go for sell with stop at 122.2
Intraday Resistance of LEAD are 122.7 : 124 : 126.8 : 129.1 : 132.5 : 135.8 : 138.3 : 140.7
Intraday Support of LEAD are 119.7 : 118.4 : 115.8 : 113.5 : 110.4 : 107.4 : 105.2 : 103.1

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