8:58 PM
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Market Reviews:
Singapore shares fell as weaker-than-expected data from the United States and China raised concerns about the global economic outlook.
STI opens flat @ 3290, then made day high @ 3293.50 level but cant able to cross that level and fell down and made day low @ 3279.11 and finally closed @3284.370 with loss of 9.82 point down by 0.30%.
Some 2.27 billion shares, valued at S$1.21 billion were traded. Losers outnumbered gainers 290 to 155.
Market forecast:
For the 2nd day STI lose the moment and took support exactly the same level as last week.
STI stocks open flat and took support @ 3279 level and it will act as a strong support for any further movement.
STI is in consolidation phrase and trading between 3320-3250, and either side break will decide the further move in STI.
Support:
STI having immediate support @ 3265 level and below this level it can take support @3245-3225 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3305 and above this level it may take resistance @ 3320-3335 levels.
Technical indicators:
Technical indicators MACD, RSI and CCI all bearish, with today’s move.
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