Trend updated
for-Mar/21/2013.CMP-118 Overall trend of the Lead is bearish for
medium-long term .Currently Lead is in strong downtrend with good
momentum but volume is unsatisfactory The open interest is not
increasing with trend .. The Lead is now trading in oversold level.
The Goldm is now trading in overbought level. The oscillator is
showing BUY signal For short term Lead is in HOLD SHORT
position.Positionally Immediate support for Lead is
116.Resistance for the Lead is 120-122-126-127-
Currently Lead is in HOLD SHORT position Lead
is showing some Up momentum So buy above 119.0 with stop at 116.4 The
Lead is now trading is approaching oversold level. The oscillator is
showing SELL signal
Intraday Trend- Buy is advised only above 120.1 with a stop at 117.1 Below 116.3 go for sell and put stop at 119.3
Intraday Resistance of LEAD are 118.9/119.5/123.3/126.4/131.8/134.8/140.7/146.7
Intraday Support of LEAD are 117.5/116.9/112.8/109.9/104.9/102.3/97.3/92.4
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