Thursday, December 6, 2012
8:43 AM Admin
Today STI traded in a positive territory and closed higher, as previous two days STI were in down trend and continuously falling.
STI facing strong Resistance its 3090 levels as previously, it’s not easy for STI to crossed its very quickly and also the last week rally one of the reason for halt . Last week STI traded in a straight upward direction which is the reason of cautiousness in investors.
STI is in bullish phrase as it is trading above the resistance levels and if it will maintain above the 3020 mark it can move further upside.
STI Support Level
STI having nearest support @ 3040 level and below this level it can take support @3020-2995 will be the support zone for STI.
STI Resistance Level
STI having Resistance @3090 and above this level it may take resistance @ 3100-3120 levels.
Technical indicators are seems to recover from lower levels on charts.