|STRAITS TIME LEVELS|
As we previously mention that STI traded in a triangle pattern and yesterday it touched its breakout level of 3218. Pattern starts from 19th Sept from the highest high of 3260.14 and then it took support on 3104 level on 8th Oct and again made high which is lower than previous high i.e.3235.25 and then it faced resistance at this level and fell down and took support @ 3163 which is higher than previous low, now its next move may be breakout from this pattern and if it will crossed 3220-3235 then it will definitely move upwards. But today index moved down side and took support at its major support level as 50 & 200 day MA levels are about to give cross over so after that maybe we can see clear trend.
STI having immediate support @ 3185 level and below this level it can take support @3165-3145 will be the support zone for STI.