Sunday 31 March 2013

LEAD TREND FOR TODAY-01-April-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 HOLD SHORT position.Positionally Immediate support for Lead is 113.Resistance for the Lead is 117-118-120-124-126-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead is in down trend so buy above 116.0 The sell will again come if below 113.2 The Lead is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 116.1 with a stop at 114.1 Below 113.6 go for sell
Intraday Resistance of LEAD are 115.9/116.7/119.8/122.9/128.2/131.3/137/143
Intraday Support of LEAD are 113.8/113/109.6/106.6/101.8/99.1/94.2/89.4
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