SGX Stock Picks, Live Market Callsfor Singapore STI

SGX Stock Today's Market

Singapore's main index edged lower, with property stocks bearing the brunt on market worries the government might come up with new measures to rein in the buoyant residential property sector. 

STI marked today as volatile session with making intraday low of 2967.48. 

STI opened up but could not sustain at the levels and soon it managed to breach the previous session’s low. It again showed recovery in the later half but failed to break above intraday high. Overall it remained volatile in
trading hours and finally closed at 2986.59 with the loss of 5.53 points up by 0.18%.

SGX Stock Tomorrow

Technically, STI closed above crossed its 50-day moving average. Sustaining above this level further recovery can be seen in STI. 3002 is the nearest resistance level for STI, sustaining above it faces next
resistance at 3015.

Also if it does not sustain at current levels and breaches below 2965, which is the nearest support zone, it may fell into correction phase, till the levels of 2940. In very short term range bound move is expected in STI.

If STI continues to hold above the levels of 2665, it should build further strength towards 3,005 followed by 3,030 in coming week(s). Otherwise, a decline below 2,965 should still find support at 2940 levels.

STI Support

STI having nearest support @ 2965 and below this level it can take support @ 2955 levels and 2940 is the major support level.

STI Resistance

STI having Resistance @ 3002 and above this level it may take resistance from 3015-3030 levels.

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