8:34 PM
Admin
STI took support near to its 50 week MA level of 2937.11 and closed above this level. For some recovery STI have to maintain above this 50 week MA level.
As per our previous report we told that either side break 3100-3000 will decide the direction and STI breached its support level and fell below 3000 mark. Will expected more panic below 2930 levels.
For the coming week STI look volatile to southern biased as it breached lower levels and closed below the support zone , so if it will sustain below 2930 mark than it will be more bearish. Technical indicators are looking bearish for STI week ahead.
STI Support Level for the Week
STI having nearest support @ 2930 below this 2900-2870 will be the support area for market.
STI Resistance Level for the Week
STI having Resistance @ 2965 and above this level it may take resistance from 2995-3015 levels.
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