9:11 AM
Admin
SUPPORT 1
|
SUPPORT 2
|
SUPPORT 3
|
RESISTANCE 1
|
RESISTANCE 2
|
RESISTANCE 3
|
3095
|
3065
|
3035
|
3140
|
3170
|
3200
|
STI
now clearly traded above the 3110 mark, and closed well above this
level which is a sign of sustainability.
Today
STI formed a same candlestick pattern as yesterday because the same
movement we had notice today also, which is having a long upper
shadow and small body without lower shadow, which denotes that bears
were heavy on bulls and pressurise the market to close on lower
levels.
STI
facing strong Resistance its 3140 levels it’s not easy for STI to
crossed its very quickly and also the last week rally one of the
reason for halt. Last week STI traded in a straight upward direction
which is the reason of cautiousness in investors.
STI
is in bullish phrase as it is trading above the resistance levels and
if it will maintain above the 3095 mark it can move further upside.
Support:
STI having
nearest support @ 3140 level and below this level it can take support
@3170-3200 will be the support zone for STI.
Resistance:
STI having
Resistance @3095 and above this level it may take resistance @
3065-3035 levels.
Technical
indicators:
Technical
indicators are seem to recover from lower levels on charts.
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