Daily Market Opinion for 19-Apr-2013

STI managed to stay flat again despite a sea of red in the regional market. Weak export figures failed to dampen the mood also. STI opened with a slight higher but it started to head towards 3280 support level during the early session. However, it started to recover around noontime as buyers entered to support the market. Soon it started to hover in the positive territory again and refuse to trade lower despite regional market trading bearishly. Eventually, STI showed its resilience by closing at 3296 level with 4.91pts up for the day. Last night, DJI closed lower again with 81.45pts. Will STI be able to continue to show its resilience today? Or will it give up its support today? 

STI closed with a white candle with longer lower shadow yesterday. This candle shows that the day is trading bullishly and the ...