Monday, 15 July 2013

LEAD TREND FOR TODAY-16-July-2013

23:15   , , , , , ,   4 comments

Lead is in long- term bull phase .Currently Lead is showing some down move and trend is strong momentum is also showing strength but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Lead is in HOLD SHORTposition.Positionally Support for the Lead is 117-.Resistance for the Lead is 122-123-124-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below119.2 Buy if above 126.15 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 123.5 with a stop at 120.2 Below 119.2 go for sell
Intraday Resistance of LEAD are 123.2 : 124.8 : 126.9 : 129.3 : 132.6 : 136 : 138.4 : 140.9
Intraday Support of LEAD are 119.5 : 117.9 : 115.9 : 113.7 : 110.6 : 107.5 : 105.4 : 103.3

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