14 April STI FORECAST

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TECHNICAL VIEW

MARKET STI FORECAST

STI took support @ its 100 day MA level and bounces back, and wiped all losses of past two days, and also it gives closing above 3170 @

3172.08.

STI today manage to close above its major resistance of 3170 and also made a very strong support to 100 day MA level, it is a positive sign if

it will maintain itself above this level.

STI trading above the its 76.4% retracement levels and for this reason it will be consolidating between the range of 3200-2900 and

whenever it will not able to sustains above 3220 levels , hard for it to maintaining the higher levels.

STI SUPPORT

STI having strong support @ 3130 and below this level it can take support @ 3100-3080 levels.

STI RESISTANCE

STI having Resistance @ 3180 and above this level 3200-3225 will be the small and also major resistance zone for STI... CLICK HERE TO SEE MORE