Monday, 18 April 2011

Technical Report on STI for 19 April 2011


STRAITS TIME LEVELS
Support 1 - 3130
Support 2 - 3100
Support 3 - 3080
Resistance 1 - 3180
Resistance 2 - 3200
Resistance 3 - 3225


TECHNICAL VIEW
MARKET REVIEW
In the 1st half of STI was quite good, but it was under selling pressure in the second half of the trading day.
STI opens @ 3153.30 levels and then made a high of 3168.61, but cant able to sustain at higher levels and slips and took support near to 100
Day MA level @ 3136.23 and finally closed @ 3144.38 with loss of 8.92 points down by 0.28%.


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