9:41 PM
Your Advisor
STI took support @ its 61.8% retracement level of 2920 and clime upwards today it's a good sign as this retracement level act like strong
level and as we told if STI takes Support above 2920 than chance are likely to move upward direction.
STI trading below its up slopping trend line and now for coming days this trend line i.e. 3035 level will be the act as a major Resistance level
so if the STI comes above this and maintain this level than only it will be come in the safe zone
After a breakout of up slopping trend line it is trading @ lower levels and also consolidating there but still not breaching the support level of 2920 if it breaks this level than it will be a cautious situation.
SUPPORT
STI having strong support @ 2920 which is its 61.8% Retracement level if STI breached this level than it can go for 2885-2855 level.
RESISTANCE
STI having Resistance @ 3005 and above this level 3035-3070 will be the major resistance zone for STI.
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