9:53 AM
Admin
Market
forecast:
In
the beginning of the week STI crossed its 3300 mark but very second
day its fell badly and now traded in the range if 3260-3282.
as
we mention in our previous report that STI trading in an uptrend
rising channel and also above its 61.8% retracement level, and faced
Resistance of 3320 levels just above the previous one 3315.
STI
having support @ its previous resistance level i.e. 3240 mark which
is the lower level of channel and if STI crossed this level then we
can see lower levels and 3220-3195 will act as a major support zone
for STI.
Support:
STI having
immediate support @ 3260 level and below this level it can take
support @3240-3220 will be the support zone for STI.
Resistance:
STI having
immediate Resistance @3285 and above this level it may take
resistance @ 3300-3315 levels.
Technical
indicators:
Technical
indicators are seems to overbought zone on charts.
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