8:25 PM
Admin
Market Reviews:
Singapore
shares fell to their lowest in more than 10 weeks today, continued
speculation that the U.S. Federal Reserve may scale back on
quantitative easing.
STI
opens gap down @ 3273.46 levels and then made days low @ 3260.12 ,
Index took support at this level and recovers and made day high @
3297.69 and finally closed @3291.35 with gain of 0.270 up by 0.01%.
Some
3.89 billion shares, valued at S$1.93 billion were traded. Gainers
outnumbered losers 339 to 149.
STI
again opened gap down, but took support @ 3260 mark and recover and
fill that gap in same day.
Yesterday
STI fell below its rising line
since
March which took support @ 3234.67, 3264.08, today also it opens
below and closed near to this line which will act as a resistance in
coming days.
today
STI formed a long green candle, as STI opens down with gap and made
low and after making low it took support at that level and recovers
from that lower and fill that gap and closed above the yesterday's closing level.
For
coming days we expect some sideways movement in market, 3305 would
act as a major Resistance and 3260 may perform as a support for STI.
Support:
STI having
immediate support @ 3260 level and below this level it can take
support @ 3235-3200 will be the support zone for STI.
Resistance:
STI having
immediate Resistance @3305 and above this level it may take
resistance @ 3335-3365 levels.
Technical
indicators:
Technical
indicators MACD, RSI trading below centreline @ 32.197, CCI currently
traded @ -185.214 levels.
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