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| STI Daily Technical Chart |
Market forecast:
More than 2 weeks of consolidation today STI crossed its 3240 mark which was great hurdle for STI and closed above this level.
Today STI crossed its major Resistance level of 3240 mark and closed above this @ 3248.39, now we expect further bullish move in STI.
Now above 3240 levels STI having a next resistance @ 3265-3280 mark and support @ 3220-3210 levels so in the coming days we can see the battle between the bulls and bears for either side breakout.
Support:
STI having immediate support @ 3235 level and below this level it can take support @3220-3195 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3265 and above this level it may take resistance @ 3280-3300 levels.
Technical indicators:
Technical indicators are seems to overbought zone on charts.
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