Thursday, 4 July 2013

LEAD TREND FOR TODAY-04-July-2013

Lead is in perfect uptrend .Currently Lead is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Lead is inHOLD LONG position.Positionally Support for the Lead is 123-122-119-116-. Immediate resistance for Lead is 127
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position Lead is in sideways and sellers was at high so for short term better buy above 126.8 or hold with stop at 121.55 The next resistance will be at 126.1 The Lead is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 126.8 with a stop at 124.7 Below 124.2 go for sell and put stop at 126.3
Intraday Resistance of LEAD are 126.5 : 127.3 : 131.2 : 133.6 : 137 : 140.4 : 142.9 : 145.4
Intraday Support of LEAD are 124.5 : 123.7 : 120 : 117.7 : 114.5 : 111.4 : 109.3 : 107.1

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