Market Forecast for Next week

Market Forecast For Week Ahead

• STI were trading above the up sloping trend line and it breached this line last week and trade below this level continuous 2-3 days but finally closed near to this level of 3022.
• STI breached its 50 week MA level of 3032.32 and after that it made a low of 2965 levels and finally closed above its up slopping trend line and near to its MA level.
• For the coming week if STI trading above this 3018and 3032.32 its 50 day MA level than it will reverse from this level but it will not able to sustains its higher levels than it
• can took support @ its 61.8% retracement level of 2925.61 level.

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