MTECHTIPS MCX LEAD INTRADAY trading tips 24-10-2016
MTECHTIPS 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 129-127-125-.Resistance for the Lead is 135-136-
Short term and Intraday Level of LEAD
Currently Lead is in HOLD LONG position Lead is moving sideways so short term investor better to buy only above 135.2 or hold with stop at 130.7 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 134.8 with a stop at 132.5 Below 131.9 go for sell.