Thursday, 2 May 2013

LEAD TREND FOR TODAY-03-May-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 showing SELL signal For short term Lead is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Lead is 104.Resistance for the Lead is 109-111-114-119-121-
Short term and Intraday Level of LEAD
Lead and closed below 1 week low with volume signals down breakoutCurrently Lead is in HOLD SHORT position Lead is moving sideways so short term investor better to buy only above 110.8 or hold with stop at 104.25 The Lead is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 106.7 with a stop at 103.7 Below 102.9 go for sell
Intraday Resistance of LEAD are 105.7/106.5/107.9/110.5/113.4/118.5/121.4/127/132.7
Intraday Support of LEAD are 103.9/103.1/101.7/100.6/97.8/93.2/90.6/85.9/81.4

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