Thursday 7 November 2013

LEAD TREND FOR TODAY-08-Nov-2013

Lead is in long- medium- short-medium- term bull phase .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Lead is now trading in overbought level. The Lead is now trading in overbought level. The oscillator is showing SELL signal For short term Lead is in HOLD LONG position.Positionally Support for the Lead is 132-131-.Resistance for the Lead is 136-
Short term and Intraday Level of LEAD
Lead is in down trend so buy above 135.0 The sell will again come if below 132.25 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 135.9 with a stop at 133.5 Below 132.8 go for sell
Intraday Resistance of LEAD are 135.6 : 136.6 : 140.2 : 142.7 : 146.2 : 149.7 : 152.3 : 154.9
Intraday Support of LEAD are 133.1 : 132.1 : 128.6 : 126.3 : 123 : 119.8 : 117.5 : 115.3

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