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STI Review for the day
Most Southeast Asian stock markets rose on Monday as Greek election results helped boost investor confidence, easing the fear of Europe's currency bloc breaking up amid the lingering euro zone debt crisis.
STI starts with gap up opening @ 2849 levels and made day high @2850.63, and after that STI trades in a narrow rand but in the 2nd half of the day STI breached the support and trades lower and made a day low @ 2821.26 and finally closed near to lower level of the day @2824.22 with gain of 13.22 points up by 0.47%.
Today STI closed its highest closing level since May 16. Gainers outnumbered decliners 216 to 137, as volume eased to 1.07 billion shares from 1.2 billion shares traded on Friday.
Singapore Stock Report for tomorrow
STI opens above its 200 day MA level of 2832.78 and made high well above this level but as 2850 is major resistance level it can’t able to cross or sustain this level and closed below its 200day MA level.
As we know the markets are not bullish and it’s only a relief rally because the other factors are not supporting to market and for this reason market face resistance @ its strong level and cant able to cross this level.
As market closed its long tern support level of 2810 , so if it will sustain above this level than we can expect some 50-80 points upward move in this week.
STI Support for tomorrow
STI having nearest support @ 2810 level and below this level it can take support @ 2790-2760 will be the support zone for STI.
STI Resistace for tomorrow
STI having Resistance @2850 and above this level it may take resistance @ 2875-2895 levels.
Fill the form & Get all Stock Recommendation & Market prices on mobile, We provide you all stock signals & Live levels for Singapore Stock market.
Most Southeast Asian stock markets rose on Monday as Greek election results helped boost investor confidence, easing the fear of Europe's currency bloc breaking up amid the lingering euro zone debt crisis.
STI starts with gap up opening @ 2849 levels and made day high @2850.63, and after that STI trades in a narrow rand but in the 2nd half of the day STI breached the support and trades lower and made a day low @ 2821.26 and finally closed near to lower level of the day @2824.22 with gain of 13.22 points up by 0.47%.
Today STI closed its highest closing level since May 16. Gainers outnumbered decliners 216 to 137, as volume eased to 1.07 billion shares from 1.2 billion shares traded on Friday.
Singapore Stock Report for tomorrow
STI opens above its 200 day MA level of 2832.78 and made high well above this level but as 2850 is major resistance level it can’t able to cross or sustain this level and closed below its 200day MA level.
As we know the markets are not bullish and it’s only a relief rally because the other factors are not supporting to market and for this reason market face resistance @ its strong level and cant able to cross this level.
As market closed its long tern support level of 2810 , so if it will sustain above this level than we can expect some 50-80 points upward move in this week.
STI Support for tomorrow
STI having nearest support @ 2810 level and below this level it can take support @ 2790-2760 will be the support zone for STI.
STI Resistace for tomorrow
STI having Resistance @2850 and above this level it may take resistance @ 2875-2895 levels.
Fill the form & Get all Stock Recommendation & Market prices on mobile, We provide you all stock signals & Live levels for Singapore Stock market.
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