MTECHTIPS MCX LEAD INTRADAY trading tips 29-12-2016

MTECHTIPS MCX LEAD INTRADAY trading tips 29-12-2016
MTECHTIPS Mcx 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 SELL position.Positionally Immediate support for Lead is 134.Resistance for the Lead is 140-144-146-148-150-153-
Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead is in down trend so buy only above 141.0 The Lead is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Sell if open below 135 with stop loss at 138.9 or sell below 133.3Buy is not advised till it cross 140.7
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