LEAD UPDATES FOR APRIIL 26 2016

SUNDAY



WEEKLY UPDATE




Mcx Lead last week given a move above 117.5 levels and jumped immediately to test



its resistance at 120.3 levels and closed at 119.5 levels, trend for the



commodity remains bullish and we expect prices to give further move up



to 124 levels with immediate resistance at 120.3 levels, supports for the



commodity is at 118.2 levels, Buy on dips is advisable.




Weekly Call :




Buy Mcx Lead on dips between 118- 118.3



with SL below 117



for target 120.3,


add further on breakout above 120.3



with Stops at cost


for extended targets 122.6 – 124.5.



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