STI Forecast 12 july

STI SUPPORT
STI having strong support @ 3110 @ its 50 day MA level
and below this 3090-3078 will be the major support zone
for market.
STI RESISTANCE
STI having Résistance @ 3145 @ its 200 day MA level levels
and above this level its next major higher level comes @
3175-3190.

MARKET FORECAST
STI took support near to its 50% retracement level of 3116 and closed
the same level, it was facing Resistance @ its down slopping trend line
and if we see in the graph then it facing resistance every time on lower
high.
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