STI
made a gap down opening for the week and still continued the down side and hit
to new lows of the year to date 3270, as forecasted in our previous report,
prices went in the same down side and came to the OCT 2017 levels. Traders
won’t be in loss, if worked as our forecasted strategies. A mild correction in
prices can be seen in coming days or correction can be taken till 3315 handle.
But its a strong fall that we have seen from May 2018 till date, the potential
of market has been lowered in a big form.
Downside
will be continued until prices dose not sustain above 3320 tag and if the
support of 3270 gets birched down we can see prices trending at 2240 & 2170
as well
Real
Estate & Finance were the main sector which shown a major down side to
traders. On other hand industrials were the sector which were in sharp up side.
On
daily basis Straits Time Index closed at 12.6 points down around 0.38 percent
lower at 3287, which vanished year to date performance to -3.39 percent
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