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Sunday, August 7, 2016

LEAD UPDATES FOR AUG 7 2016

SUNDAY



WEEKLY UPDATE



Mcx Lead also was trading in southwards direction for last two weeks , last week



prices was given a breakdown below 120 levels and closed at 119.35 levels,



we expect prices to correct further up to 117 levels ,



Sell at current levels and on rises is advisable .




Immediate supports for the commodity is at 118 – 117 and



resistance for the commodity is at 120.5 – 121.8.




Weekly Call :




Sell Mcx Lead on rises between 119.5 – 120



with SL above 122



for target 117.



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