Lead futures (steady contract) fell to mark a low of ₹173.80 in early February. However, the value motion since early 2025 exhibits that the value has been going up steadily.
Supporting the optimistic bias, the contract has seen a transferring common cross-over i.e., the 20-day transferring common has moved above the 50-day transferring common, after mendacity beneath the previous between June and December final 12 months.
Additionally, the long-term chart exhibits sturdy assist at ₹175, which has been holding effectively since June 2021. Due to this fact, there’s a good probability that lead futures will rally from the present degree.
Since June 2021, the contract has remained inside ₹175 and ₹196. Therefore, a possible upside from the present degree can carry lead futures to the higher boundary of ₹196.
Commerce technique
Merchants can purchase lead futures (March) on the present degree of ₹180 and place a stop-loss at ₹172. When the contract rallies to ₹184, path the stop-loss to ₹180. Guide income at ₹194.
