Wednesday 29 January 2014

LEAD TREND FOR TODAY-30-Jan-2014

Lead is in long- medium- short-medium- short- 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 oscillator is showing BUY signal .Positionally Support for the Lead is 134-133-132-131-. Immediate resistance for Lead is 138
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position Lead has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 136.3 with stop at 132.45 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 136.3 with a stop at 133.9 Below 133.2 go for sell and put stop at 135.6
Intraday Resistance of LEAD are 136 : 137 : 140.6 : 143.1 : 146.6 : 150.2 : 152.7 : 155.3
Intraday Support of LEAD are 133.5 : 132.5 : 129 : 126.7 : 123.4 : 120.2 : 117.9 : 115.7

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