Tuesday, 7 May 2013

LEAD TREND FOR TODAY-07-May-2013


Lead is bearish for medium-long term .Currently Lead is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Lead is in HOLD SHORT position.Positionally Support for the Lead is 109-.Resistance for the Lead is 113-118-120-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position Lead has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 111.5 with stop at 104.25 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 111.5 with a stop at 109.8 Below 109.4 go for sell and put stop at 111
Intraday Resistance of LEAD are 111.2 : 111.9 : 115.5 : 121 : 126.5 : 132.2 : 138 : 144
Intraday Support of LEAD are 109.6 : 108.9 : 105 : 100 : 95 : 90.2 : 85.5 : 81

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