Lead is in long- medium- term bull phase .Currently Lead is in strong
downtrend and the trend is supported with good volume The open interest is not
increasing with trend . In last few days volume based selling happened in the
Lead 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 116-115-.Resistance for the Lead is 121-122-123-
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 121.0 Selling
pressure seems to be deceasing so Short term investor with risk aptitude can
enter again if it close above 121.4 but caution- close Below low5 fresh selling
can occur The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 121.4 with a stop at 118.8 Below 118.1 go for sell
Intraday Resistance of LEAD are 120.9 : 121.9 : 125.3 : 127.6 : 130.9 : 134.3 : 136.7 : 139.2
Intraday Support of LEAD are 118.6 : 117.6 : 114.3 : 112.1 : 109.1 : 106 : 103.9 : 101.8
Intraday Trend- Buy is advised above 121.4 with a stop at 118.8 Below 118.1 go for sell
Intraday Resistance of LEAD are 120.9 : 121.9 : 125.3 : 127.6 : 130.9 : 134.3 : 136.7 : 139.2
Intraday Support of LEAD are 118.6 : 117.6 : 114.3 : 112.1 : 109.1 : 106 : 103.9 : 101.8
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