Live Updates Of SGX Market News--

Strait Time Levels:-

Support 1- 2960
Support 2- 2945
Support 3- 2920

Resistance 1- 2995
Resistance 2- 3015
Resistance 3- 3035

MARKET REVIEW:-

£ Southeast Asian stock markets closed mostly lower on Thursday as concerns over global growth outlook prompted
selling in large caps such as telecoms and a drop in oil prices weighed on energy linked shares.
£ Singapore equities opens @2978.42 and then made day high of 2987.32 , after touched it s high level it fell down and
took support @ 2966.52 levels and finally closed below the opening level with loss of 17.27 points down by 0.58%.
£ Volume was 2.36 billion Shares changed hands. There were 246 losers and 161 gainers. Cyclical stocks, which received a
fillip amid Wednesday's rally, were among the biggest losers of the STI components.

MARKET FORECAST:-

£ STI snap its previous day buying interest and closed down from previous session, took support neat to 2965 levels and closed above this level.
£ As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.
£ STI maintain itself to closed on its down sloping trend line which it was crossed yesterday , may this support level gives strength to STI and it can again trades above this level.

SUPPORT:

£ STI having nearest support @ 2960 level and below this level it can take support @ 2945-2920 will be the support zone for STI.

RESISTANCE:

£ STI having Resistance @2995 and above this level it may take resistance @ 3015-3035 levels.

TECHNICAL INDICATOR:

£ Technical indicators are looking Bullish on chart.

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