8:33 PM
Admin
After
a holiday STI opens higher and traded on the northern ways and made
its 17 months
high of 3186.13, closed below the higher level but still up.
Today
STI formed a candlestick pattern called white candle with the small
upper shadow and no lower shadow, because STI opens and then it
traded @ the up trend and after closed slightly down.
STI is in
bullish phrase as it is trading above the resistance levels and if it
will maintain above the 3140 mark it can move further upside.
Support
STI having
immediate support @ 3150 level and below this level it can take
support @3120-3095 will be the support zone for STI.
Resistance
STI having
immediate Resistance @3200 and above this level it may take
resistance @ 3220-3250 levels.
Technical
indicators:
Technical
indicators are seem to overbought zone on charts.
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