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Straits Times Index - Market Outlook 14 Dec
Your Advisor
Publish date: Fri, 14 Dec 2012, 11:43 AM
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Market
forecast:
Now after 3140 level next hurdle for STI comes @ 3180-3220 levels, today STI crossed its 76.4% retracement level from its all time high of 3313 and low of 2521.95.
STI
opens above its resistance level of 3140 mark and made high near the
next resistance level. Now STI looking bullish on charts, if maintain
itself above the 3110 mark.
Now after 3140 level next hurdle for STI comes @ 3180-3220 levels, today STI crossed its 76.4% retracement level from its all time high of 3313 and low of 2521.95.
STI
is in bullish phrase as it is trading above the resistance levels and
if it will maintain above the 3110 mark it can move further upside.
STI Intraday Support
STI having
immediate support @ 3120 level and below this level it can take
support @3095-3075 will be the support zone for STI.
STI Intraday Resistance:
STI having
immediate Resistance @3165 and above this level it may take
resistance @ 3180-3220 levels.
Technical
indicators:
Technical
indicators are seems to recover from lower levels on charts.
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