STI TECHNICAL ANALYSIS

STI LEVELS TODAY

Support 1	Support 1	Support 1	Resistance 1	Resistance 2	Resistance 3
2985	2965	2945-2910	3035	3070	3100

STI TECHNICAL VIEW

MARKET REVIEW

STI opens and closed above 3000 @ 3010.51 after that made a low of 2988.10, but cant sustains there and recovers from its low and

maintains itself to close above 3000 mark.

STI breached its support level of 2990 and made a low of 2988 but finally close for the day @ 3010.51 with loss of 14.65 points down by

0.48%.

MARKET FORECAST

As we told in our weekly report that STI trading @ its up slopping trend line and trying to maintain itself above this trend line and today also

it were closed above this trend line and not sustains below this which is good sign of recovery, If STI will maintain this level than it can go

upwards and if it can't sustains and we can see more down trend in the market

STI TECHNICAL SUPPORT SUPPORT

STI having strong support @ 2985 level if STI breached this level than it can go for 2965-2945-2920 level soon as STI having its 76.40%

retracement level @2921 level so this level will act as a strong support zone for Market.

STI TECHNICAL RESISTANCE

STI having Resistance @ 3035 which is a good Resistance zone as STI were not able to sustain this level from past 2 days and if sustains than

next higher level comes @ 3070-3100.

TECHNICAL INDICATORS

MACD and RSI indicators are in bearish zone, RSI trading @ its oversold level @ 33.36 and MACD is also in bearish zone.