8:53 PM
Your Advisor
MARKET REVIEW
With the previous days big up move STI today also give good movement and closed above Resistance area. STI opens above 100 day Ma level and after that made a low of 3130.45 but took support @ that level and after that made a high of 3164.98 near to major Resistance zone of 3170, but finally closed @ 3156.64 with gain of 19.32 points up by 0.62%
MARKET FORECAST
As yesterday STI closed above its 100 day MA level and formed a highly bullish candlestick so with these positive biased STI today gives a good movement and closed above its good Resistance level.
STI manage to maintain it's self above its 100 day MA level of 3135.34 and also made a high near to its major and multiple resistance as well as support zone of 3170 @ 3164, but closed below the day's high and with this movement formed a long white Candlestick pattern. As previously STI can face resistance @ 100 day MA level and as today if it will sustains this level and it can go higher side.
SUPPORT
STI having strong support @ 3120 and below this level it can take support @ 3090-3070 levels.
RESISTANCE
STI having Resistance @ 3170 and above this level 3190-3210 will be the small and also major resistance zone for STI.
Click & get All SGX Report along With SGX Nifty Tips - SGX Nifty Tips
Posts
