Friday, 13 September 2013

LEAD TREND FOR TODAY-13-Sep-2013

Lead is in long- medium- term bull phase .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Lead Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Support for the Lead is 133-129-127-.Resistance for the Lead is 141-142-143-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead is in sideways so for short term better buy above 136.4 with stop at 132.6 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 136.4 with a stop at 133.6 Below 132.9 go for sell and put stop at 135.7
Intraday Resistance of LEAD are 136.1 : 137.3 : 140.5 : 143 : 146.5 : 150.1 : 152.6 : 155.2
Intraday Support of LEAD are 133.2 : 132 : 128.9 : 126.6 : 123.3 : 120.1 : 117.8 : 115.6

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