MTECHTIPS MCX LEAD INTRADAY trading tips 02-01-2017

MTECHTIPS MCX LEAD INTRADAY trading tips 02-01-2017
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 131.Resistance for the Lead is 140-142-144-147-148-151-
Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead is in sideways and sellers was at high so for short term better buy above 139.8 or hold with stop at 132.0 The next resistance will be at 142.9 The Lead is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 139.8 with a stop at 133.9 Below 132.1 go for sell and put stop at 138
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