Wednesday 20 November 2013

LEAD TREND FOR TODAY-21-Nov-2013

Lead is bearish for medium-long term .Currently Lead is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Immediate support for Lead is 127.Resistance for the Lead is 132-133-134-136-

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 131.0 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 131.1 with a stop at 129.4 Below 129 go for sell and put stop at 130.7
Intraday Resistance of LEAD are 130.8 : 131.5 : 135.8 : 138.2 : 141.7 : 145.2 : 147.7 : 150.3
Intraday Support of LEAD are 129.3 : 128.6 : 124.4 : 122.1 : 118.9 : 115.7 : 113.5 : 111.3

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