STI FORECAST 15 April

TECHNICAL VIEW

MARKET REVIEW

After a positive move of yesterday, it was dull day for STI and it closed below the resistance level.

STI opens and took support @ 3154.79 levels and trades in very narrow range of some around 10-12 points and finally closed @ 3158.92

with loss of 13.16 points down by 0.41%.

MARKET FORECAST

As we previously told that 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 today opens @ higher levels but cant sustains itself above this level and makes losses and now it's trading range is become a very

narrow.

For the coming trading day its range could be 3130-3180 because it is having strong support @ its 100 day MA level and Resistance @

3180.

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 VIEW MORE