Friday 21 June 2013

LEAD TREND FOR TODAY-21-Jun-2013

Lead is in long- medium- term bull phase .Currently Lead is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in SELL position.Positionally Support for the Lead is 116-115-.Resistance for the Lead is 122-123-
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 123.8 or hold with stop at 119.65 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 122.6 with a stop at 119.8 Below 119 go for sell
Intraday Resistance of LEAD are 122.4 : 123.7 : 126.4 : 128.7 : 132 : 135.4 : 137.8 : 140.3
Intraday Support of LEAD are 119.2 : 117.9 : 115.4 : 113.1 : 110.1 : 107 : 104.9 : 102.8

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