Market Forecast for Week Ahead
STI closed above its 50 weeks MA level of 3039.81 and also major resistance of 3035.81, which was previously act as a
support level.
As STI trades on upward direction whole week, and with bullish temperament it has formed bullish white candlestick
pattern which is highly bullish and denotes further bullishness in the market.
For the coming days still we feel some consolidation on upwards as market is above to its 61.8% retracement level and
expected that it will take support @ this level and if it will not sustains this level than it will go more down side... CLICK HERE FOR MORE
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