LEAD TREND FOR TODAY-05-Aug-2013

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 125-123-121-118-. 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 127 The Lead is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 130.9 with a stop at 127.9 Below 127 go for sell with stop at 130
Intraday Resistance of LEAD are 129.2 : 129.5 : 134.7 : 137.1 : 140.6 : 144 : 146.5 : 149.1
Intraday Support of LEAD are 128.7 : 128.4 : 123.3 : 121 : 117.8 : 114.7 : 112.5 : 110.3

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