Friday 12 April 2013

LEAD TREND FOR TODAY-13-April-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 Lead is now trading in oversold level. The Lead is now trading in oversold level. The oscillator is showing BUY signal For short term Lead is in HOLD SHORT position.Positionally Immediate support for Lead is 110.Resistance for the Lead is 112-113-116-120-123-124-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position Lead is moving sideways so short term investor better to buy only above 114.65 or hold with stop at 110.45 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 112.7 with a stop at 110 Below 109.3 go for sell
Intraday Resistance of LEAD are 111.7/112.5/113.7/116.6/119.7/125/127.9/133.6/139.5
Intraday Support of LEAD are 110.3/109.5/108.3/106.5/103.6/98.8/96.2/91.4/86.7

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