Wednesday, January 26, 2011

Mcx Lead Tips


After made a high of 122.85 it was broken support level and finally made a low 112.25 and closed at 113.35 with a big losses. Over all trend is bearish and rise to sell side.

As China as a less importer and inventory surged by more than 25% resulted weakness in the prices.

This counter last trading session down trend in this counter and coming trading days again 116.10 level below bearish and down trend in counter and low side support at 109.50 and cross below 105.50 level and touch at lower levels and only 116.10 level above minor up side moment and 121.00 strong resistance level in this counter so keep watch at this levels.......

Lead taken good support near 112. Pull back rally cannot be ruled out this week. At upper side it will face resistance at 117 above that it can move till 120. Downside there is a very strong support at 111.

This counter continuous down trend and again maintain at down trend and 113.00 and 116.00 level below down moment in counter and low side 106.00 below touch at 101.00 and 97.00 level in coming trading days.

Again Lead taken good support near 108. Pull back rally cannot be ruled out this week. At upper side it will face resistance at 114 above that it can move till 119. Downside there is a very strong support at 108 below, which it may fall till 106.30.

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