Technical report and Range of STI for tomorrow 20 May 2011

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STRAITS TIME LEVELS
Support 1 - 3150
Support 2 - 3135
Support 3 - 3110
Resistance 1 - 3190
Resistance 2 - 3210
Resistance 3 - 3225

TECHNICAL VIEW

MARKET REVIEW

• STI having a good up move today opens on lower level of the day and crossed its major resistance level and closed above this level.
• STI opens @ 3141.21 levels and this is a lowest point of the day, after that STI it made a high of 3180.52 but can't able to cross this level and closed @ 3172.56 with gain of 31.35 points up by 1%.

SUPPORT

• STI having strong support @ 3150 and below this level it can take support @ 3135-3110 levels.

RESISTANCE

• STI having Resistance @ 3190 and above this level 3210-3225 will be the small and also major resistance zone for STI.