Daily Market Opinion for 01-Apr-2014
It was a great start of the week for STI yesterday. Bullishness continues to dominate the market despite surging strongly for the past few days. Many credited “window dressing” effect as the reason for the recent bullish movements while some thinks that the reversal of the commodities sectors were the main bullish contributor. Regardless of the reasons, STI was able to perform another bullish day yesterday. STI opened the week with a gap up action which broke 3175 resistance level easily. STI swung up and down during the day as it trades within a range of 3178 – 3194 level. There was lack of decisiveness during the day and therefore, STI ended up closing near its opening. STI ended at 3188.62 level with 16.45pts up. Last night, DJI was seen making 130.60pts gains. Will STI be able to sustain its bullishness today? ...
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