Wednesday, January 2, 2013

STI Technical Outlook for Today 02-Jan 2013


SUPPORT 1
SUPPORT 2
SUPPORT 3
RESISTANCE 1
RESISTANCE 2
RESISTANCE 3
3150
3100
3085
3200
3230
3280
STI has shown good uprally and sustained at 52 week high, it showed correction from this level in Monday's session.

STI has made a long bearish candlestick with long real body, so it is expected to sustain with negativity in short term. It is expected to remain rangebound and may also test its support level of 3150.

3150 is still a major support in downside and it may take strong support from this level. In near term it is having resistance level at 3200 levels.

STI SUpport Level
STI having nearest support @ 3150 and below this level it can take support @ 3100 levels and 3085 is the major support level.

STI Resistance Level
STI having Resistance @ 3200 and above this level it may take resistance from 3230-3280 levels.

Technical Indicators
Technical indicators MACD and RSI are in support of a rest phase in STI.

 
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