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Thursday, November 19, 2009

UPDATES FOR NOV 19 2009

NOV 19 THURSDAY

TRADING LEVELS FOR MORNING SESSION

SUPPORT 1 RS 110 , SUPPORT 2 RS 109

RESISTANCE 1 RS 112 , RESISTANCE 2 RS 114

Recap: -

Lead prices went up sharply till its strong res

of 112. Selling pressure and slight profit booking

came around those levels making prices to trade

little bit in red.

Forecast: -

Prices looking firm on a close of above 110 levels.

Prices need to break and close above 112 which is

the strong res. Could test more highs above these

levels. Meanwhile range bound can be seen with

short term negative bias.

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