Market Review
STI opens on flat node in today's session as per mixed sentiments in over
the western and European countries.

STI opens @ 2828.53 levels and then it made a high of 2859.38 levels but
cant sustains the higher levels and traders in range but in the midsession
it suddenly turns and fell sharply and made a low of 2816.51 levels and
finally closed @ 2824.96 with loss of 3.57 points down by 0.13%.


SUPPORT
STI having nearest support @ 2820 and below this level it
can take support @ 2790-2750 levels is the major support
level.

Resistance
STI having immediate Resistance @ 2860 and above this
level 2890-2920 will be the major Resistance for market.

MARKET FORECAST
STI breached its major support of 2820 levels and took support on 2816.51
levels in today's session, and also it can able to cross its major resistance
zone of 2860, so the situation is weak on the markets.

Still STI cant able to sustain the lower level of 2820 so in future if it will
sustains below this level then it can move more down side.

On the other side STI making lower lows and lower highs its can able to
cross previous high but it breached its previous low day by day so if it will
sustains above previous day high then only it can move higher side.


TECHNICAL INDICATORS
Technical indicator MACD, RSI and stochastic trading in a
negative zone and look bearish.