12:03 PM
Admin
Market Forecast For Week - 17th-21st Sept 2012
After 3 weeks of layoff in STI, this week STI recovers all the previous losses and closed higher side above its multiple resistance level of 3040.
STI struggling below the 3040 level in the week and before this 3005 mark was the major resistance for market. STI crossed its 3040 mark with good volume and investor’s confidence and closed well above this level.
For the coming week STI looks bullish to sideways but may be come downside and can take support @ 3040 level. Direction for STI Market looks bullish.
Support:
STI having nearest support @ 3040 below this 3020-3000 will be the support area for market.
Resistance:
STI having Resistance @ 3085 and above this level it may take resistance from 3100-3120 levels.
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