Mtechtips LEAD MCX BUY AT 108.5-109 SL 107.5 TGT 110.3 TGT 111.5

Mtechtips LEAD MCX  intraday trading analysis 29-10-2012

Mcx lead oct future for short term traders below resistance zone of 112.5 to 114 trend is down and short side is preferable option.expect 109 as target levels in next week. from medium to long term traders watch 109 on weekly closing basis or keep stoploss below that for all long positions. as global risk on and weak economic data certainly make pressure on base metal prices.

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