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STI Singapore - Market Direction For 17-Oct
Your Advisor
Publish date: Tue, 16 Oct 2012, 07:56 PM
Your Advisor
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| STI Technical Chart: |
In continuation of last 3 days STI trading in higher side but still can't able to sustain above its 50 day MA level and closed below this.
STI having a nearest resistance level @ 3063.36 level which is its 20 day MA level , if STI sustains above 50 day MA level of 3050.82 than it can move towards 3063 and above.
STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI. Technical indicators are look to loosing strength on charts.
Support Level
STI having nearest support @ 3020 level and below this level it can take support @ 2995-2975 will be the support zone for STI.
Resistance Level
STI having Resistance @3050 and above this level it may take resistance @ 3075-3090 levels.
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