As in the last week STI breached its 3040 support level and fails to touch this level this week and today crossed its  psychological base of 3000 mark.

Now from todays move market likely to remain downside to sideways for this week. As we told in our yesterdays report  that below STI fall in the downward channel and as it faced resistance @ upper down slopping trend line so expected that it  can took support @ the down slopping support line @ 2980 levels. And today it took support that level.

The next support level comes at the 2980 levels. On the upside, 3040 remains the immediate support-turned-resistance  to overcome.

Ref: www.capitalvia.com.sg