8:16 PM
Admin
Market reviews:
Singapore's shares ended flat Thursday, largely shrugging off sharp drops on Wall Street overnight following weak European economic data and disappointing U.S. earnings reports.
STI opens flat @3292.80 and made a day high @ 3300.83 after making high it comes down and took support @3281.89 and finally closed @ 3296.370 with gain of 4.910 up by 0.15%.
Gainers outnumbered losers 284 to 161, and trading volume was a shade lower at 2.24 billion shares compared with 2.34 billion Wednesday.
Market forecast:
Today again STI trading in a very narrow range as previous day, but closed for the day with gain of 0.15%, STI can't able to sustain above 3300 mark.
STI facing strong Resistance at its 3300 mark, Index made a white small candlestick pattern called, which denotes that market opens lower and closed above previous day’s closing.
Support:
STI having immediate support @ 3270 level and below this level it can take support @3250-3220 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.
| Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 3270 | 3250 | 3220 | 3305 | 3320 | 3335 |
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