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Tuesday, March 1, 2011

Singapore Stock Market(STI) Tomorrow

Singapore Stock Market Tomorrow
As we told in our weekly report that STI trading @ its up slopping trend line and trying to maintain itself above this trend line and today also
it were closed above this trend line and not sustains below this which is good sign of recovery, If STI will maintain this level than it can go
upwards and if it can't sustains and we can see more down trend in the market.

Support for STI
STI having strong support @ 2985 level if STI breached this level than it can go for 2965-2945-2920 level soon as STI having its 76.40%
retracement level @2921 level so this level will act as a strong support zone for Market.

Resistace for STI
STI having Resistance @ 3035 which is a good Resistance zone as STI were not able to sustain this level from past 2 days and if sustains than
next higher level comes @ 3070-3100.

 
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