8:22 PM
Admin
Today STI traded downward biased and fell badly below 3100 mark due to global concern , closed below 3100 mark again in the range of consolidation of last few weeks.
AS STI trading above its 20 day MA level of 3072.22, and near to resistance level of 3110 , today STI took support @ @ 20 day MA level of 3072.22 but closed near to support level.
For the coming days 20 day MA level will act as a decisive level below this it can took support @ 3051.83 i.e. 50 day MA level. If STI breached this level and sustain below this than we can see southern tone of market. On the other hand if STI sustain its 3088 levels on higher side than it will be more bullish. Technical indicators are look to loosing strength on charts.
STI Support Level
STI having nearest support @ 3050 level and below this level it can take support @ 3020-2995 will be the support zone for STI.
STI Resistance Level
STI having Resistance @3088 and above this level it may take resistance @ 3105-3120 levels.
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