Friday 31 May 2013

LEAD TREND FOR TODAY-31-May-2013

Lead is in perfect uptrend .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Lead is now trading in overbought level. The Lead is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Lead is 117-116-114-113-111-. Immediate resistance for Lead is 123
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position In short term Lead is in strong up trend so hold with stop at 117 The Lead is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 125.7 with a stop at 121.5 Below 120.3 go for sell with a stop at 124.5
Intraday Resistance of LEAD are 124.2 : 125.5 : 127.5 : 128.6 : 131 : 134.3 : 137.7 : 140.2 : 142.7
Intraday Support of LEAD are 121.8 : 120.5 : 118.5 : 117.5 : 115.3 : 112.2 : 109.1 : 106.9 : 104.8

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