Wednesday 16 January 2013

LEAD TREND FOR TODAY-17-JAN-2013


Lead is in long- term bull phase .Currently Lead is in strong downtrend with good momentum but volume is unsatisfactory 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 SELL position.Positionally Support for the Lead is 121-.Resistance for the Lead is 126-127-128-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position The Lead is in downtrend For short term buy only if close above 126.0 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 125.4 with a stop at 123.3 Below 122.8 go for sell
Intraday Resistance of LEAD are 125.2/126.1/129.8/133/138.6/141.7/147.7/153.9
Intraday Support of LEAD are 123/122.1/119.1/116.1/111/108.2/103.1/98.1


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