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STI Market Forecast For Tomorrow 06-Nov 2012
Your Advisor
Publish date: Mon, 05 Nov 2012, 08:45 PM
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Last week STI made its 7 week lower level but today it took support near to its 3020 levels @ 3021.29 levels and closed with some point of recovery.
On the daily graph STI looking weak day by day as closed below its 50 day MA level and strong support level of 3020 next support comes @ 3000-2995 mark.
STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.
STI Support Level
STI having nearest support @ 3010 level and below this level it can take support @ 2995-2975 will be the support zone for STI.
STI Resistance Level
STI having Resistance @3050 and above this level it may take resistance @ 3065-3080 levels.
Technical Indicators
Technical indicators are look to loosing strength on charts.
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