Sharekhan has come out with its report Lead. According to the research firm, for the short-term traders, the bounce will be an opportunity to take a fresh entry on the short side.
Lead bears get ready In case of MCX lead, the pullback rally faced resistance near the 78.6% retracement of the entire previous fall (from 135.35 to 88.45). From there, lead has entered a corrective phase. It has fallen from the daily upper Bollinger Band to the lower Band. Hereon, a minor-degree bounce till the 20-daily moving average (120) is possible. For the short-term traders, the bounce will be an opportunity to take a fresh entry on the short side. The reversal can be placed above 125.5. The short term target on the downside will be 113.5.| Date | Reco | SL/Reversal (Rs) | Price (Rs) | LTP (Rs) | Targets (Rs) |
| 08-10-2012 | Buy GBPINR | 83.13 | 84.06 | 84.89 | 85.5/86.4 |
| 10-10-2012 | Sell Copper | 442 | 435.2 | 435.3 | 425 / 418 |
| 10-10-2012 | Sell Nickel | 956 | 943.7 | 943.1 | 920 / 905 |
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. To read the full report click on the attachment
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
