8:23 PM
Admin
STI today closed above its 50 day MA level of 3050.85 and also the resistance level of 3060.36. now we can expect some recovery in coming days.
STI formed a white candlestick pattern called belt hold, as it opens lower and closed just below the higher level in positive node. This is a single candlestick pattern and bullish in nature.
STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI. Technical indicators are look to loosing strength on charts.
Support level
STI having nearest support @ 3040 level and below this level it can take support @ 3010-2995 will be the support zone for STI.
Resistance level
STI having Resistance @3065 and above this level it may take resistance @ 3075-3090 levels.
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