Trend updated
for-Mar/22/2013.CMP-117 Overall trend of the Lead is bearish for
medium-long term .Currently Lead is in strong downtrend but volume is
unsatisfactory The open interest is not increasing with trend .
Noting point is selling at lower levels seems decreasing. 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 116.Resistance for the Lead is 119-120-122-126-127-
Currently Lead is in HOLD LONG position Lead
is moving sideways so short term investor better to buy only above
119.8 with stop at 116.4 The Lead is now trading is approaching
oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 119.3 with a stop at 116.4 Below 115.6 go for sell
Intraday Resistance of LEAD are 118.5/119.4/123.2/126.3/131.7/134.8/140.7/146.6
Intraday Support of LEAD are 116.4/115.5/112.8/109.8/104.9/102.2/97.2/92.3
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