Wednesday 26 June 2013

LEAD TREND FOR TODAY-26-Jun-2013

Lead is in long- medium- term bull phase .Currently Lead is in strong downtrend with good momentum and the trend is supported with good volume 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 121-117-116-115-.Resistance for the Lead is 123-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead has crossed the 5 day high but the trend was not strong and sellers was at high so for short term better buy above 124.9 with stop at 118.15 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 124.9 with a stop at 120.6 Below 119.3 go for sell and put stop at 123.6
Intraday Resistance of LEAD are 123.4 : 124.7 : 126.9 : 130 : 133.4 : 136.8 : 139.2 : 141.7
Intraday Support of LEAD are 120.8 : 119.5 : 117.3 : 114.4 : 111.3 : 108.2 : 106.1 : 104

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