Monday, 1 July 2013

LEAD TREND FOR TODAY-02-July-2013

Lead is in perfect uptrend .Currently Lead is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Lead is in HOLD LONG position.Positionally Support for the Lead is 122-118-116-115-. Immediate resistance for Lead is 124
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 124.4 closing below 120.65 Sell will happen. The Lead is now trading is approaching overbought level. The oscillator is on SELL signal and Lead is coming down from overbought level
Intraday Trend- Buy is advised only above 125.5 with a stop at 123 Below 122.3 go for sell and put stop at 124.8
Intraday Resistance of LEAD are 125.3 : 126.4 : 129.5 : 131.9 : 135.3 : 138.7 : 141.2 : 143.6
Intraday Support of LEAD are 122.5 : 121.4 : 118.4 : 116.1 : 113 : 109.9 : 107.8 : 105.6

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1 comments :

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