Friday, 2 August 2013

LEAD TREND FOR TODAY-03-Aug-2013

Lead is in perfect uptrend .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Lead 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 124-123-120-118-. Immediate resistance for Lead is 131
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 126 The Lead is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 131.1 with a stop at 128 Below 127.2 go for sell with a stop at 130.2
Intraday Resistance of LEAD are 130.8 : 132.2 : 134.8 : 137.3 : 140.7 : 144.2 : 146.7 : 149.2
Intraday Support of LEAD are 127.4 : 126 : 123.5 : 121.2 : 118 : 114.8 : 112.6 : 110.4

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