MTECHTIPS MCX LEAD INTRADAY trading tips 09-05-2017

MTECHTIPS MCX LEAD INTRADAY trading tips 09-05-2017
MTECHTIPS Lead is bearish for medium-long term .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Lead is in HOLD LONG position.Positionally Immediate support for Lead is 135.Resistance for the Lead is 142-143-144-148-150-151-
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 141.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 138.45 The Lead is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 141.2 with a stop at 139 Below 138.4 go for sell and put stop at 140.6
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