Friday 19 April 2013

LEAD TREND FOR TODAY-20-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 . In last few days volume based selling happened in the Lead. 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 106.Resistance for the Lead is 111-114-118-121-123-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead is in sideways so for short term better buy above 111.75 with stop at 106.4 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 109.6 with a stop at 107.3 Below 106.7 go for sell and put stop at 109
Intraday Resistance of LEAD are 109.1/109.9/112.9/115.9/121.1/124/129.6/135.4
Intraday Support of LEAD are 107.2/106.4/102.9/100.1/95.4/92.8/88.1/83.4

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