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Monday, May 28, 2012

Singapore Stock Market Picks for Tomorrow

STI Review of the Day
Singapore equity market opens gap down @ 2766.54. But close near to days high in line with other regional markets.

STI opens down @ 2766.54 and after gap down opening it fell more down and made a low of 2758.41 and took support @ that level and then trades higher and made a day high of 2796.75 and finally closed with gain of 14.47 points up by 0.52% wow basis.

Volume stood at 955.2 million shares valued at S$766.1 million, with advancing issues leading decliners by 178 to 153.

Stock Market for Tomorrow

Day start with bearish sentiments but suddenly change in the bullish mode and made high above the resistance level of 2796.75.

Today STI breached its previous week’s range of 2760-2792 and made low and high for the day beyond these levels and finally closed between the ranges.

STI facing strong resistance @ 2800 mark it not able to crossed this level and fell from near to that level, and took support near to 2760 levels. When it crossed either side then we can see further major move in the market.

STI Support for tomorrow
STI having nearest support @ 2755 level and below this level it can take support @ 2740-2720 will be the support
zone for STI.

STI Resistance
STI having Resistance @2795 and above this level it may take resistance @ 2810-2835 levels.

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