Daily Market Opinion for 31-Oct-2013

STI was been awaken by the bulls yesterday as it reacted positively to the bullish closing of DJI on the previous night. STI started the day with bullishness but it immediately faced selling pressure. In the morning session, STI reached as low as 3204 level before bullish buyers start to enter the market. The buying momentum starts before lunch hours and was able to sustain for the rest of the day. Last spike of buying strength entered the market before market closing had caused STI to close at the high of the day. STI ended at 3230 level which gained 21.62pts for the day. Last night, DJI was seen returning its gains by 61.59pts last night. Will STI also return its gains today? Or will STI attempt to break 3230 resistance level today?

It was a great moment for STI yesterday as it ...