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Sunday, May 10, 2015

LEAD UPDATES FOR MAY 10 2015

SUNDAY



WEEKLY UPDATE




Mcx Lead prices were trading highly positive for more than three weeks and it came to halt last



week when the prices hit a high of 138 levels , on week end closing prices falls below the



trend line which shows some sort of negative sentiment in the market for now we expect prices



may correct further up to 128.25 levels with strong resistance above 133.7 - 134 levels.


Correction and bearish sentiment is for short term only.




Weekly Call :




Sell Lead or Lead Mini on rises between 131.5 – 132




with stops above 134



for targets 129 and 128.