Daily Market Opinion for 13-Sep-2013

Market participants managed to digest the new loan curb measures and deem that it might not be a big trade to the market condition; hence, STI managed to regain its losses yesterday with an attempt of rebound. STI opened with a gap up which brought it back to 3123 level. There was much of volatility yesterday as STI hovers between a high of 3130 to a low of 3116 levels. Trading continues to be on the average side as there was no strong trading activity during the day. With such dull market action yesterday, STI closed near its opening level at 3121 level. 12.89pts was gained yesterday. Last night, DJI opened with positive sentiment but failed to sustain it and ended up with 25.96pts down. Can STI sustain it gains today and break 3130 resistance level? Or will STI set itself up for ...