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Straits Times Index - Market Forecast 30-Oct
Your Advisor
Publish date: Mon, 29 Oct 2012, 08:36 PM
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STI today crossed its last 4 days lower level and made low @ 3026.64 below its 50 day MA level and up slopping trend line too.
Currently STI facing resistance @ its 3060 levels and can able to cross it's this level and can took support @3020 levels and it's a good support area on chart.
STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.
Support
STI having nearest support @ 3020 level and below this level it can take support @ 2995-2975 will be the support zone for STI.
Resistance
STI having Resistance @3050 and above this level it may take resistance @ 3065-3080 levels.
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