Friday 5 July 2013

LEAD TREND FOR TODAY-05-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 The current position is BUY .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 moving sideways so short term investor better to buy only above 126.1 with stop at 121.55 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 above 125.3 with a stop at 123.6 Below 123.2 go for sell
Intraday Resistance of LEAD are 125.1 : 125.8 : 129.9 : 132.3 : 135.6 : 139.1 : 141.5 : 144
Intraday Support of LEAD are 123.4 : 122.7 : 118.7 : 116.5 : 113.4 : 110.3 : 108.1 : 105.9

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