MTECHTIPS MCX LEAD INTRADAY trading tips 01-12-2016
MTECHTIPS MCX Lead is in perfect uptrend .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Lead. The oscillator is on SELL signal and Lead is coming down from overbought level For short term The current position is BUY .Positionally Support for the Lead is 154-151-146-140-135-132-. Immediate resistance for Lead is 177
Short term and Intraday Level of LEAD
Currently Lead is in BUY position Lead has crossed the high but the trend was not strong and up trend cannot sustain at high so for short term better buy above 163.9 with stop at 151.35 The oscillator is showing SELL signal
Intraday Trend- Sell below 155.8 or sell if open below 157.7Buy only above 163.8.