Wednesday 27 March 2013

LEAD TREND FOR TODAY-28-March-2013


Lead is bearish for medium-long term .Currently Lead is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is on BUY Signal and Lead is recovering from oversold level For short term Lead is in HOLD SHORT position.Positionally Immediate support for Lead is 113.Resistance for the Lead is 118-119-121-124-126-

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 below113.4 Buy if above 119.2 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 116.2 with a stop at 114 Below 113.4 go for sell
Intraday Resistance of LEAD are 115.8/116.6/119.5/122.6/127.9/130.9/136.7/142.6
Intraday Support of LEAD are 113.8/113/109.3/106.4/101.5/98.9/93.9/89.2

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