MARKET REVIEW
Today STI trades below 3100 mark, opens @ days high and closed almost @ days low @ its 200 day MA level, but STI took support @ its
major support level of 3070.55.
STI opens @ 3092.90 levels and after that made a high of 3094.38, but took support @ its major support level of 3060 and finally closed @
3075.44 with loss of 17.46 points down by 0.56%
MARKET FORECAST
Today STI trades below 3100 mark, opens @ days high and closed almost @ days low @ its 200 day MA level, but STI took support @ its
major support level of 3070.55.
STI opens @ 3092.90 levels and after that made a high of 3094.38, but took support @ its major support level of 3060 and finally closed @
3075.44 with loss of 17.46 points down by 0.56%
STI RESISTANCE
STI having Resistance @ 3100 and 3118 which is multiple resistance and support level previously, so if maintains this level than it can go to
breach its 50 day MA level of 3157.75 and above this 3180 will be the next level for STI.
STI SUPPORT
STI having strong support @ 3060 level if STI breached this level than it can go for 3030-3000 level.
TECHNICAL INDICATORS
Indicators are bullish on daily charts; MACD is looking bullish as it is trading with bullish crossover, and RSI were losing the ground and cant
able to sustain above its centreline of 50 and closed below this level @ 47.61.
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