12:47 PM
Admin
MARKET FORECAST
STI is continuously breaching its support levels and heading in negative direction, a rest phase may be seen in near term in it. Technically, STI is lying below its 50 DMA and sustaining below it, is further a weak signal for STI.
3000 is still major hurdle in upside and it may take strong resistance from this level. In near term it is taking support of 2970. Technical indicators suggest MACD and RSI support for a weak phase in STI.
SUPPORT
STI having nearest support @ 2970 and below this level it can take support @ 2940 levels and 2905 is the major support level.
RESISTANCE
STI having Resistance @ 3017 and above this level it may take resistance from 3035-3060 levels.
Posts
