Tuesday 8 October 2013

LEAD TREND FOR TODAY-09-Oct-2013

Lead is bearish for medium-long term .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 Lead is now trading in oversold level. The Lead is now trading in oversold level. The oscillator is showing SELL signal For short term Lead is in HOLD SHORT position.Positionally Immediate support for Lead is 125.Resistance for the Lead is 131-132-133-137-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead is showing some Up momentum So buy above 128.0 with stop at 125.35 The Lead is now trading is approaching oversold level. The oscillator is on BUY Signal and Lead is recovering from oversold level
Intraday Trend- Buy is advised only above 131.3 with a stop at 128.3 Below 127.4 go for sell and put stop at 130.5
Intraday Resistance of LEAD are 131 : 132.4 : 135.1 : 137.5 : 141 : 144.5 : 147 : 149.5
Intraday Support of LEAD are 127.7 : 126.3 : 123.7 : 121.4 : 118.2 : 115.1 : 112.9 : 110.7

 

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