Lead futures are currently valued at ₹181 per kg, reflecting a 1 percent decline this week. Attempts to surpass the resistance level at ₹184 were unsuccessful, allowing bearish traders to exert downward pressure on the contract.
Since May, price movements have generally trended upwards, with lead futures operating within a rising channel. The failure to break through the ₹184 resistance, which aligns with the upper boundary of this channel, provided an opportunity for bearish movements.
Currently, the contract is nearing the lower boundary of its trading range at ₹181, with additional support identified just below at ₹180.50. This region of ₹180.50 to ₹181 is expected to act as a potential support zone, suggesting a rebound may occur from the current price point.
Should a rebound materialize, lead futures could rise to ₹184. A breakout above this level could push the contract further to ₹186. Conversely, if the support at ₹180.50 is compromised, lead futures may decline to ₹178, with further support located at ₹176.
Trade Strategy
Traders are advised to close any short positions in lead futures for October initiated at ₹183.50 when the price reaches ₹180.50. Following the liquidation of these positions, traders may consider purchasing the contract at ₹180.50, setting a target of ₹184 and a stop-loss at ₹179.
Published on October 14, 2025.
