STI Singapore Intraday Technical Outlook - 26-Nov

Market Reviews:

STI index reversed from last week fall and closed with gain, near to resistance level of 3185.

Singapore shares open with gain @ 3185.62 that is also a day high and after opening high it fell down and made day low@ 3174.45 and took support at this level and closed near to opening @ 3180.65 with gain of 7.800 up by 0.25%.

Some 1.26 billion shares, valued at S$698.8 million were traded. Gainers numbered 173 while losers numbered 215

Singapore's inflation rate hit 2 % in October this year, up from 1.6 % the previous month. Cost of private road transport rose by 2.7% after declining by 2 % the previous month, Food inflation inched up to 2.5 % in October from 2.4 % in September, The rise in accommodation cost moderated to 1.9 % from 3.9 % the previous month.

STI Intraday Technical Chart

Market forecast:

STI closed just near to its 50 & 200 day MA level of 3185, it did not able to cross this mark on high side.

As we mention in our weekly report that STI forming a pattern according to that it is in lower to sideways movement, so whenever STI will not able to maintain it self above 3235-3265 . we will see the zigzag movement in the market.

Support:

STI having immediate support @ 3155 level and below this level it can take support @3135-3115 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3195 and above this level it may take resistance @ 3215-3235

Technical indicators:

Technical indicators MACD, RSI and CCI are turning from lower.

Singapore Stock Market Forecast 31 Oct 2013

Market Reviews:

Singapore's key Straits Times Index was up 0.7% at 3,230.44, its highest close in almost six weeks, amid late buying.

STI opens with little gap @ 3215.29 and then it made day low @ 3204.48 and took support at that level and reached days high @3230. 44 level and closed on same level with gain of 21.60 up by 0.67%.

Some 3.04 billion shares, valued at S$1.19 billion were traded. Gainers numbered 181 while losers numbered 280.

Market forecast:

Today STI closed its 6 week high mark, i.e @ 3230 near to resistance level. We may expect that it will cross and maintain this high in coming days.

After 10 days of range bound movement STI crossed and closed on higher levels which is positive sign for market, similarly investor have to adopt some cautious approach whenever STI will not cross and maintain 3235 level.

On daily chart of STI, its 200 day and 50 day EMA levels are about to cross each other and its will be a bullish crossover.

Support:

STI having immediate support @ 3210 level and below this level it can take support @3195-3165 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3235 and above this level it may take resistance @ 3250-3280

Technical indicators:

Technical indicators MACD, RSI and CCI are looking bullish from this level as CCI trading above its +100 mark@ 105.73, RSI trading above centreline @63.93 and MACD also having a bullish move.

Singapore Stock Market Forecast 30 Oct 2013

Market Reviews:

Singapore shares open down for the day, but closed in positive node.

STI opens @ 3205.37 and then it made day low @ 3198.42 and then it took support at that level and made day high @ 3213.64.finally STI closed @ 3208.82 with gain of 0.970 points up by 0.03%.

Some 1.89 billion shares, valued at S$869.9 million were traded. Gainers numbered 183 while losers numbered 238.

Market forecast:

STI made day low below the 3200 mark, but finally closed above 3205 resistance level. On the daily graph STI recently trading in a narrow range and closed almost on same level from past 7-10 days.

As STI trading in a similar range, seems investors are cautions about the further move and playing safely.

On daily chart of STI, its 200 day and 50 day EMA levels are about to cross each other and its will be a bullish crossover.

Support:

STI having immediate support @ 3195 level and below this level it can take support @3175-3160 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3220 and above this level it may take resistance @ 3235-3250

Technical indicators:

Technical indicators MACD, RSI and CCI are looking bullish from this level as CCI trading @ 94.64 near to cross +100, RSI trading above centreline @58.49 and MACD also having a bullish move.

Singapore Stock Market Outlook for 17-Oct 2013

Market Reviews:

After a day holiday, STI traded in plus, but overall the performance of STI is in down trend.

STI opens @3179.57 and then it made day low @ 3164.93 and then it recovers some points and made day high @ 3185.64. But finally closed below then its opening level @ 3174.03 with 8.78 points up by 0.28%

Volume was 2.5 billion shares worth S$1.1 billion. Losers outnumbered gainers 253 to 203.

Singapore's non-oil domestic exports (NODX) probably fell year-on-year for an eighth straight month in September, hurt by continued lacklustre demand for the city-state's electronics and pharmaceuticals.

Market forecast:

After a day off STI traded very narrow range and traded near its 38.2% retracement level.

As we mention in our previous report that if STI able to crossed its 3205 level in coming days then it can be bullish, but on the other side below 3150 it will be more bearish.

Support:

STI having immediate support @ 3160 level and below this level it can take support @3140-3120 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3185 and above this level it may take resistance @ 3205-3220

Technical indicators:

Technical indicators MACD, RSI and CCI all are seem to crossing its lower levels.

STI Singapore Stock Market Outlook - 16 Oct 2013

Market Reviews:

Week starts with lower node and STI closed below its 38.2% retracement level.

STI opens lower@ 3180.69 and continuous fall finally took support @ 3155.31 and then finally closed @ 3165 with loss of 14.46 point down by 0.46%.

Volume was 1.9 billion shares worth S$557.9 million. Losers outnumbered gainers 305 to 121.

Market forecast:

STI fell sharply today, after 4 days uptrend. Closed below its 38.2% retracement level it was a biggest decline almost in 2 weeks.

STI opens trade in lower side and continue fell whole day, now from this level it can be more bearish for short term.

Support:

STI having immediate support @ 3150 level and below this level it can take support @3130-3110 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3185 and above this level it may take resistance @ 3205-3220

Technical indicators:

Technical indicators MACD, RSI and CCI all are seem to crossing its lower levels.