8:08 PM
Admin
Market forecast:
Today STI took a good bounce back and closed @ day high
above the 3285 mark @ 3291.81.
STI open up above its yesterdays Doji as well day before long
black candle and closed higher, it looks as took support @ its recent lower
levels and now trading in a down slopping channel, and it will be bullish if
crossed resistance line.
Now for coming days 3250 will act as a major support
zone because if STI break this level then it will be more bearish and can touch
3220 levels soon.
Support:
STI
having immediate support @ 3265 level and below this level it can take support
@3250-3220 will be the support zone for STI.
Resistance:
STI
having immediate Resistance @3300 and above this level it may take resistance @
3315-3330 levels.
Technical indicators:
Technical
indicators MACD, RSI and CCI all are in recovery mode with today’s move. As we
can see in the chart, RSI trading above its centreline @ 57.475 and CCI closed
@ +27.126
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