MCX Lead Short Term Bearish

We maintain our bearish view in MCX Lead as prices are trading in a lower top and lower bottom formations continuously. It is trading with bearish biased too. We expect lead prices to trade lower and hence we recommend to go short on rise with stop loss above Rs.112.50 eyeing target at Rs.108.

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Kotak Commodities is promoted by the Kotak family that has decades of experience in commodity trading, they have a full-fledged research division involved in macro & commodity complex research and commodity specific research. This is combined with a strong and well networked sales force, which helps deliver current and up-to-date market information and news. For more information visit their website. http://www.kotakcommodities.com/