LEAD TREND FOR TODAY-31-Jan-2014

Lead is bearish for medium-long term .Currently Lead is in strong uptrend 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 Lead is in HOLD SHORT position.Positionally Immediate support for Lead is 129.Resistance for the Lead is 133-134-135-136-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below128.5 Buy if above 136.75 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 134 with a stop at 129.7 Below 128.5 go for sell
Intraday Resistance of LEAD are 132.4 : 133.6 : 135.6 : 137 : 139.5 : 143 : 146.5 : 149 : 151.5
Intraday Support of LEAD are 130.1 : 128.9 : 126.9 : 125.6 : 123.3 : 120 : 116.9 : 114.6 : 112.4

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