LEAD TREND FOR TODAY-16-Dec-2013

Lead is bearish for medium-long term .Currently Lead is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Lead is 131-130-129-128-. Immediate resistance for Lead is 135

Short term and Intraday Level of LEAD

Currently Lead is in HOLD LONG position In short term Lead is in strong up trend so hold with stop at 131 The Lead is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 135.3 with a stop at 132.6 Below 131.8 go for sell with a stop at 134.5
Intraday Resistance of LEAD are 135 : 136.2 : 139.4 : 141.9 : 145.4 : 148.9 : 151.4 : 154
Intraday Support of LEAD are 132.1 : 130.9 : 127.8 : 125.5 : 122.2 : 119 : 116.8 : 114.5

 

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