Friday, 9 August 2013

LEAD TREND FOR TODAY-10-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 . 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 128-125-124-122-119-. Immediate resistance for Lead is 133
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead is in sideways and sellers was at high so for short term better buy above 132.8 or hold with stop at 128.25 The next resistance will be at 131.7 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 132.8 with a stop at 130.7 Below 130.2 go for sell and put stop at 132.3
Intraday Resistance of LEAD are 132.4 : 133.2 : 137.3 : 139.7 : 143.2 : 146.7 : 149.3 : 151.8
Intraday Support of LEAD are 130.6 : 129.8 : 125.8 : 123.5 : 120.3 : 117.1 : 114.9 : 112.6

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