Tuesday 4 February 2014

LEAD TREND FOR TODAY-04-Feb-2014

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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Lead is in HOLD SHORT position.Positionally Immediate support for Lead is 129.Resistance for the Lead is 133-134-135-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD SHORT position Lead is in down trend so buy above 134.0 The sell will again come if below 130.2 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 132.3 with a stop at 129.7 Below 129 go for sell
Intraday Resistance of LEAD are 131.9 : 132.9 : 136.4 : 138.9 : 142.3 : 145.8 : 148.4 : 150.9
Intraday Support of LEAD are 129.4 : 128.4 : 125 : 122.7 : 119.5 : 116.3 : 114.1 : 111.9
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