Sunday, 23 June 2013

LEAD TREND FOR TODAY-24-Jun-2013

Lead is in long- medium- term bull phase .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. 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
Currently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 122.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 121.7 with a stop at 120.6 Below 120.4 go for sell and put stop at 121.5
Intraday Resistance of LEAD are 121.4 : 121.7 : 126.6 : 129 : 132.3 : 135.7 : 138.1 : 140.6
Intraday Support of LEAD are 120.7 : 120.4 : 115.6 : 113.4 : 110.3 : 107.3 : 105.1 : 103

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