LEAD TREND FOR TODAY-22-Jun-2013

Lead is in long- medium- term bull phase .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 SELL position.Positionally Support for the Lead is 116-115-.Resistance for the Lead is 122-123-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below119.4 Buy if above 123.8 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 122 with a stop at 119.9 Below 119.4 go for sell
Intraday Resistance of LEAD are 121.8 : 122.6 : 126.3 : 128.6 : 131.9 : 135.3 : 137.7 : 140.2
Intraday Support of LEAD are 119.6 : 118.8 : 115.3 : 113 : 110 : 106.9 : 104.8 : 102.7

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