Friday 22 March 2013

LEAD TREND FOR TODAY-23-March-2013


Lead is bearish for medium-long term .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Lead is in HOLD SHORT position.Positionally Immediate support for Lead is 116.Resistance for the Lead is 119-122-126-127-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD LONG position Lead is moving sideways with low volatality so short term investor better to buy if close above 119.35 close below 116.4 sell will happen. The oscillator is showing BUY signal 
Intraday Trend-Intraday better to buy above 121.7 and Sell if below115.3
Intraday Resistance of LEAD are 119.6/120.6/123.3/126.4/131.8/134.8/140.7/146.7
Intraday Support of LEAD are 117.4/116.4/112.8/109.9/104.9/102.3/97.3/92.4

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