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Wednesday, February 22, 2012

Live SGX Singapore Stock Prices

STI Review for the Day
Singapore shares drifted lower in opening trade on Wednesday, following weak starts in Tokyo and Seoul. The key Straits Times Index fell 12.80 points or 0.42 per cent to 3,012.27.

STI opens down and drifted down whole day, after opening down it trades lower and then took support @ 3000 mark after that it recovers from that lower level and make a high of 3014 but cant able to sustains that level and again fell and break the 3000 mark and closed @ 2995.59 @ day low with loss of 29.48points down by 0.97%.

Turnover was at 851.2 million units worth S$917.1 million. There were 117 rises and 222 declines in the broader market.

STI for Tomorrow
After yesterday's high today STI breached the major level of 3000 and closed @ lowest level of the day @ 2995.

STI gives a good rally in last few trading session and made a new high and we can say after witnessing this rally that today's move is may be a profit booking because as markets is @ its high so it can be happen but we have to take cautious approach as we mention in our previous reports that holds long with strong stop loss then they can easily make profits in the market.

For the coming days, if STI continue maintain its 3000 mark and able to cross 3035 mark than it can move towards 3050-3100 mark soon. 

On the other side of coin STI having an immediate support zone @ 2995 if STI  sustains above this level than it can move towards higher side and other way if it crossed this level then again it can taste 2940-2920 levels and repeat few days back trend and goes more down.

STI Support
STI having nearest support @ 2975 and below this level it can take support @ 2945 levels and 2920 is the major support level.

STI Resistance
STI having Resistance @ 3015 and above this level it may take resistance from 3045-3065 levels.

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