Friday, 27 September 2013

LEAD TREND FOR TODAY-27-Sep-2013

Lead is bearish for medium-long term .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Lead is now trading in oversold level. The Goldm is now trading in oversold level. The oscillator is showing BUY signal For short term Lead is in HOLD SHORT position.Positionally Immediate support for Lead is 126.Resistance for the Lead is 130-131-132-137-
Short term and Intraday Level of LEAD
Currently Lead is in SELL position The Lead is in downtrend For short term buy only if close above 130.0 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 129.4 with a stop at 127.5 Below 127 go for sell and put stop at 128.9
Intraday Resistance of LEAD are 129.2 : 130 : 133.9 : 136.3 : 139.8 : 143.2 : 145.7 : 148.3
Intraday Support of LEAD are 127.2 : 126.4 : 122.6 : 120.3 : 117.1 : 114 : 111.8 : 109.6

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