Tuesday, 17 September 2013

LEAD TREND FOR TODAY-17-Sep-2013

Lead is in long- term bull phase .Currently Lead is in strong downtrend and the trend is supported with good volume 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 Lead is now trading in oversold level. The Lead is now trading in oversold level. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Support for the Lead is 127-.Resistance for the Lead is 132-135-136-140-141-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 133.0 The Lead is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 131.5 with a stop at 127.6 Below 126.5 go for sell
Intraday Resistance of LEAD are 130.6 : 131.9 : 134.7 : 137.2 : 140.6 : 144.1 : 146.6 : 149.1
Intraday Support of LEAD are 127.4 : 126.1 : 123.4 : 121.1 : 117.9 : 114.7 : 112.5 : 110.3

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