8:19 PM
Admin
Market
forecast:
After
taking support near the 3200 level STI reported gain for the 2nd
consecutive day and again touch the Resistance level of 3235.
As
we previously mention in our report that in the strait upward rally
after taking support @ 2931.60 STI made a channel called bullish
channel. For the coming days this channel will act the major trading
zone for STI. If STI will able to move above the upper level of
channel than it will move further upside.
STI is in
bullish phrase as it is trading above the resistance levels and if it
will maintain above the 3150 mark it can move further upside.
Support:
STI having
immediate support @ 3200 level and below this level it can take
support @3180-3150 will be the support zone for STI.
Resistance:
STI having
immediate Resistance @3240 and above this level it may take
resistance @ 3260-3280 levels.
Technical
indicators:
Technical
indicators are seem to overbought zone on charts.
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