Tuesday 16 July 2013

LEAD TREND FOR TODAY-17-July-2013

Lead is in long- 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 .. The oscillator is showing SELL signal For short term Lead is in HOLD SHORT position.Positionally Support for the Lead is 118-117-.Resistance for the Lead is 123-124-
Short term and Intraday Level of LEAD
Currently Lead is in SELL position The Lead is in downtrend For short term buy only if close above 124.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 120.6 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 123 with a stop at 121.2 Below 120.7 go for sell and put stop at 122.5
Intraday Resistance of LEAD are 122.7 : 123.5 : 127.4 : 129.8 : 133.1 : 136.5 : 139 : 141.4
Intraday Support of LEAD are 121 : 120.2 : 116.4 : 114.2 : 111.1 : 108 : 105.9 : 103.7

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