STI SUPPORT
STI having strong support @ 3150 and below this level it can take support @ 3135-3100 levels.
STI RESISTANCE
STI having Resistance @ 3210 and above this level 3225-3250 will be the small and also major resistance zone for STI.
MARKET REVIEW
STI today crossed its major resistance level and maintain above this level and closed near at day's high.
STI opens 3150 level @ 3156.26 this is also a low of the day after opening at this level it go upwards and made a high of 3180.53, finally closed
near today high @ 3177.18 with gain of 20.92 points up by 0.66%.
MARKET FORECAST
STI opens above its resistance level of 3150 @ 3156 and made a day high @ 3180.53 and finally closed above its multiple resistance level of
3170 @ 3177.
STI from past 3 days trading in a upward direction and for this reason formed a 3 white candle which is looking like 3 shoulders , and future
move still looks bullish on charts.
As STi closed above its major and multiple Resistance level of 3170 , so if for coming days it will sustains this level than it can go further upside
, now its next major level comes @ 3210.
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