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Singapore Share Review
Shares started slightly mixed on Thursday after a run of gains this week as investors prepare for Chinese inflation data later in the day and want to see if a deal can be finally reached for a Greek bailout.
Straits Times Index fell 7.40 points or 0.25% to 2,974.80 on opening hours and in continuation of this it made a low of 2957.01 but took support at that level and recovers and made a high of 2992.93 but cant able to hold that level and slips and finally closed @ 2981.17 with loss of 1.03 points down by 0.03%.
A total of 3.26 billion shares, valued at $2.21 billion, were traded where gainers outnumbered losers 244 to 217.
Singapore Stock Market Tomorrow
STI try hard to cross its 3k mark today in the midsession but cant able to cross this level and closed down, this is crucial resistance level.
Today STI again face resistance level near to 3k mark and cant able to cross this level. As we mention in our previous reports that STI trading @ its technical pattern and above its multiple resistance level of 2912 so it could be bullish and touch the level of 3k or above and at this point STI looking more bullish and can go for.
STI took support above 2950 levels and as we mention in our weekly report that above this level it can be more bullish and we expect further upward movement till 3000-3050 if maintain above 3000 mark.
STI Support
STI having nearest support @ 2960 and below this level it can take support @ 2940-2920 level is the major support level.
STI Resistance
STI having Resistance @ 3000 and above this level it may take resistance from 3020- 3050 levels.
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