MARKET REVIEW
After a pull back of yesterday today again STI loosing the ground and trades on lower levels and finally closed below major support level of
2950.
STI opens with gap and after that it consolidate all the day in the very narrow range and finally closed @ 2942.88 after made a low of
2933.28 with loss of 28.12 points down by 0.95%.
MARKET FORECAST
After a breakout of up slopping trend line it is trading @ lower levels and also consolidating there but still not breaching the support level of
2920 if it breaks this level than it will be a cautious situation.
STI took support just above its 61.8% and 76.4% Retracement level Daily & Weekly charts respectively, as we told previously that if STI
breached its 61.8% retracement level on weekly chart than it can move 100-150 points down side.
STI SUPPORT
STI having strong support @ 2920 which is its 61.8% Retracement level if STI breached this level than it can go for 2885-2855 level.
STI RESISTANCE
STI having Resistance @ 2985 and above this level 3005-3035 will be the major resistance zone for STI.... CLICK HERE FOR MORE 
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