Thursday 21 November 2013

LEAD TREND FOR TODAY-22-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 .. 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 133-134-136-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead is showing some Up momentum So buy above 131.0 with stop at 127.6 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 132.4 with a stop at 130.3 Below 129.7 go for sell and put stop at 131.8
Intraday Resistance of LEAD are 132.1 : 133 : 136.8 : 139.3 : 142.7 : 146.3 : 148.8 : 151.3
Intraday Support of LEAD are 130 : 129.1 : 125.4 : 123.1 : 119.9 : 116.7 : 114.4 : 112.2

 

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