STI and KLCI Technical Analysis Outlook

Market Review for STI:

Singapore share opened flat today where STI made a gap down opening at 3186.43 further it took the upside move and made a high of 3211.96 and closed at the higher side at 3204.09, STI formed the green candle for the day.

STI Day Performance
Open	3186.43
High	3211.96
Low	3186.09
Close	3204.09
Change(Points)	+10.50
% Change	0.33
Volume	1945.9M
Rise	249
Fall	146
Unch	673

Market forecast for STI:

Today STI formed a green candle for the day with a long real body and a long upper shadow. After making two red candles on the daily basis today it made a long green candle and takes an up move. Today STI formed the Bullish Belt-Hold Line pattern for the day.

Technical indicators:

RSI is above the centre line @65.13 where CCI is @ 82.76

STRAITS TIME LEVELS
Support 1	3194
Support 2	3180
Support 3	3160
Resistance 1	3214
Resistance 2	3230
Resistance 3	3250

Important Factor for today:-

• 
  SGX announced that the customer will have a direct access to transparent clearing services, this will effect greater optional efficiency and cost saving through its platform.So companies and banks who want to hedge their exposure between the Thai baht and Malaysian ringgit through non-deliverable interest rate swaps (NDIRS) are now able to do so directly at the Singapore Exchange (SGX), instead of going through their banks.
• Intellectual Property Office of Singapore launched a new S$ 100 Million intellectual Property Financing Scheme to help the local business. 

Top Looser

Scrip Name	CMP	%change
JSH 500US$	35.25	-0.14
StarHub	4.18	-0.24
HKLand US$	6.52	-0.31
JMH 400US$	61.11	-0.62
HPH Trust US$	0.645	-0.77

Top Gainers

Scrip Name	CMP	%change
Noble Grp	1.28	4.92
Jardine C&C	48.55	3.08
GoldenAgr	0.59	2.61
SembMar	4.11	1.99
UOB	21.86	1.44

Market Review for KLCI:

KLCI opened flat today later was not able to take any upside and formed a Red candle for the day. Today low of 1851.37 was made where KLCI closed at 1852.31. Buyers were dominated by the sellers in today’s session.

KLCI Day Performance
Open	1861.03
High	1861.19
Low	1851.37
Close	1852.31
Change(Points)	-10.59
% Change	0.57
Volume	1894.9M
Rise	389
Fall	424
Unch	1312

Market forecast for KLCI:

A Long Red candle was formed for the day with a very little lower shadow, Red Marubozu pattern formation was there on the chart on the daily basis in which there is the long real body.

Technical indicators:

RSI is above the centre line @59.96 else CCI is @88.44 

KLCI LEVELS
Support 1	1842
Support 2	1830
Support 3	1815
Resistance 1	1862
Resistance 2	1875
Resistance 3	1890

 Top Gainer

Scrip Name	CMP	%change
TENAGA	11.8	1.03
IOICORP	4.84	0.83
RHBCAP	8.43	0.72
UMW	11.2	0.54

 Top Looser

Scrip Name	CMP	%change
BAT	59.6	-0.1
MISC	6.78	-0.29
MAXIS	6.94	-0.29
MAYBANK	9.74	-0.41
HLBANK	14.08	-0.42