LEAD TREND FOR TODAY-14-Sep-2013

Lead is in long- 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 and closed below 1 month low with volume signals down breakout.Positionally Support for the Lead is 129-127-.Resistance for the Lead is 135-139-142-

Short term and Intraday Level of LEAD

Lead and closed below 1 week low with volume signals down breakoutCurrently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 136.0 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 134 with a stop at 129.5 Below 128.2 go for sell
Intraday Resistance of LEAD are 132.4 : 133.7 : 135.9 : 136.9 : 139.3 : 142.8 : 146.3 : 148.8 : 151.4
Intraday Support of LEAD are 129.8 : 128.5 : 126.3 : 123.1 : 119.9 : 116.7 : 114.5 : 112.3

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