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STI Market Forecast for 25-Oct 2012
Your Advisor
Publish date: Wed, 24 Oct 2012, 07:10 PM
Your Advisor
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STI today closed above its 50 day MA level of 3050.93 and also made day high above that level which is good sign.
Currently STI trading in a range of 3040-3060, and we expect that it can move above 3060 mark and can crossed recent high.
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 looking to loose strength on charts.
Intraday Support
STI having nearest support @ 3030 level and below this level it can take support @ 3015-2995 will be the support zone for STI.
Intraday Resistance
STI having Resistance @3065 and above this level it may take resistance @ 3075-3090 levels.
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