Market Review
STI opens on flat node in today's session as per mixed sentiments in over
the western and European countries.

STI opens @ 2828.53 levels and then it made a high of 2859.38 levels but
cant sustains the higher levels and traders in range but in the midsession
it suddenly turns and fell sharply and made a low of 2816.51 levels and
finally closed @ 2824.96 with loss of 3.57 points down by 0.13%.


SUPPORT
STI having nearest support @ 2820 and below this level it
can take support @ 2790-2750 levels is the major support
level.

Resistance
STI having immediate Resistance @ 2860 and above this
level 2890-2920 will be the major Resistance for market.

MARKET FORECAST
STI breached its major support of 2820 levels and took support on 2816.51
levels in today's session, and also it can able to cross its major resistance
zone of 2860, so the situation is weak on the markets.

Still STI cant able to sustain the lower level of 2820 so in future if it will
sustains below this level then it can move more down side.

On the other side STI making lower lows and lower highs its can able to
cross previous high but it breached its previous low day by day so if it will
sustains above previous day high then only it can move higher side.


TECHNICAL INDICATORS
Technical indicator MACD, RSI and stochastic trading in a
negative zone and look bearish.

SGX Nifty Updates

Market Review

STI opens on weak node on Monday morning after Standard & Poor's downgraded the United States top-tier credit rating. 

STI opens with more than 60 points @ 2933.81 and it trades down wards most of the day and breached all the support levels and took support @ day's low of 2847 levels, and from the lower level it recovers some points and finally closed @ 2884 with loss of 110.78 points down by 3.70%.

Market Forcast

Today STI breached all the major supports and fell below the range of 2900 and made a low of 2847 level and currently traded @ 2884 levels.

STI fell badly in past five days, and today's fall was the most panic fall in the 5 days , as STI breached its past support and previous lower level of 2919, and sustain below this level, now from this level we can say STI is in the down trend.

Technically now STI looks weak on charts and today it formed a long black candlestick and also previously also it formed the same pattern of candle , from this its conforms that from this level now we expect STI below 2800 mark.

Support

STI having nearest support @ 2850 and below this level it can take support @ 2810-2770 levels is the major support.

Resistance

STI having Resistance @ 2920-2950-2980 will be the major Resistance for market.

Technical indicator MACD, RSI and stochastic trading in a negative zone and look bearish.

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STI Weekly Trend for 11 July to 15 July

WEEKLY WRAP OF STI

After a last week move it was a very dull or little movement seen in STI Index it faced Resistance near to 3170 and took support @ its 50
day MA level.

STI opens this week @ 3139.01 and then it made a high of 3164.65 very near to its major Resistance level of 3170 and reverses back from resistance level and made a low of 3114. 71 and took support @ its 50day MA level on daily chart and finally closed @ 3151.28 with gain of 12.27 points up by 0.39% wow basis.

STI face support @ its down slopping trend line on daily chart and cant able to sustain this level and loose the trend but took support at its 50 day MA level and finally closed on positive node.

MARKET FORECAST FOR WEEK AHEAD
STI seems to be bullish on chart, on the weekly chart it closed well above its 50 weeks MA level of 3118.24 @ 3151.28

STI now again in the same position where it face resistance and consolidates from past many weeks, as it is trading above its 61.8% retracement level, it can't able to maintain higher levels and consolidate in the range of 2900-3200.

If in the next week STI able to maintain itself above 3170 level and we can expect some 50-80 points upward move in the market. On the other side of coin if it will breached its 50 week MA level of 3118-3112 so it will trades below 3100 mark in coming week.

STI RESISTANCE
STI having major resistance @ 3170 level above this level 3195-3210 will be the major Resistance for market.

STI SUPPORT
STI having strong support @ its 3112 and below this level 3098-3050 will be the major support zone for coming week.

TECHNICAL INDICATORS
Technical Indicators look bullish as MACD about to give its bullish crossover and stochastic also looking positive as it is trading positive biased,RSI is trading @ its centreline of 50 @ 52.93 so the indicators looks bullish.

Singapore Stock Market (STI) for Tomorrow - 25 May

MARKET REVIEW

After a freefall of last trading day, today STI was quite and having a range bound movement, but closed in positive node. STI opens @ 3110.48, than goes down and took support @ its lower level of 3105.32, and after that it made a high of 3121.66 , but finally closed @ 3113.09 with gain of 2.61 point up by 0.08%.

MARKET FORECAST

STI breaks all its support level of 100-50-200 day MA levels and today also it was trading below the resistance levels and can't even trade near

to resistance levels.

STI formed a short candle, which denotes very low movement in the market STI trades in very narrow range of 15 points in the whole day. Today is ranging move in STI and yesterday it breached its all major MA levels and today also it took support @ 3105 levels, if it will fails to recover from this level than it could be more bearish in coming days and we can see 100-150 points' correction from this level.

SUPPORT

STI having strong support @ 3090 @ its 50 week MA levels and below this level it can take support @ 3045-3010 levels.

RESISTANCE

STI having Resistance @ 3135 and above this level 3150-3170 will be the small and also major resistance zone for STI.

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SGX Nifty Tomorrow - 11 May

MARKET REVIEW

With the previous days big up move STI today also give good movement and closed above Resistance area. STI opens above 100 day Ma level and after that made a low of 3130.45 but took support @ that level and after that made a high of 3164.98 near to major Resistance zone of 3170, but finally closed @ 3156.64 with gain of 19.32 points up by 0.62%

MARKET FORECAST

As yesterday STI closed above its 100 day MA level and formed a highly bullish candlestick so with these positive biased STI today gives a good movement and closed above its good Resistance level.

STI manage to maintain it's self above its 100 day MA level of 3135.34 and also made a high near to its major and multiple resistance as well as support zone of 3170 @ 3164, but closed below the day's high and with this movement formed a long white Candlestick pattern. As previously STI can face resistance @ 100 day MA level and as today if it will sustains this level and it can go higher side.

SUPPORT

STI having strong support @ 3120 and below this level it can take support @ 3090-3070 levels.

RESISTANCE

STI having Resistance @ 3170 and above this level 3190-3210 will be the small and also major resistance zone for STI.

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Singapore Stock Market (STI) for Tomorrow

STI Tomorrow
- STI closed near to day's high of 3174.21 @ 3171.65 and this is the major Resistance level too, STI maintain to hold its Resistance level of
3170 but cant crossed the next level of 3180.
 - Today STI forms a spinning top, it is a candle with a small real body, Spinning tops identify a session in which there is little price action during a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble. As market hold its resistance level and cant sustains above this level.
- As we previously told that above 3170 level STI having small Resistance level and these are important too because before this rally these levels act like a Multiple Support and Resistance for STI.

SUPPORT
STI having strong support @ 3140 which is multiple resistances previously now act as a support and below this level it can take support @ 3110-3085 levels.

RESISTANCE
STI having Resistance @ 3180 and above this level 3200-3225 will be the small and also major resistance zone for STI.

SGX Nifty , STI Market for Tomorrow

MARKET REVIEW

After a winning strike of last week on the very first day on new week STI closed with some lose.

STI opens @ 3070.84 at days high but not sustains that higher level and made a low of 3044.33 and finally closed with some points of recovery @ 3057.38 losses of 13.46 points down by 0.44%.

MARKET FORECAST

As we told in our previous reports that STI having a trading range of 2950-3120 and it is moving between this range only and before last week STI breached this 2950 level and made a low of 2919 took support @ its 61.8% retreatment level.

Today STI faced Resistance @ 3070 level which is its previous multiple support as well as Resistance level, so now this level again act as a Resistance for the Market and also it took support @ up slopping trend line today. So the coming days , STI have to maintain above its 3070 levels for upwards rally and also not to breached its up slopping trend line level if

breached than it can go further down side.

SUPPORT

STI having strong support @ 3020 and below this level it can take support @ 2990-2960 levels.

RESISTANCE

STI having Resistance @ 3070 and above this level 3100-3130 will be the major resistance zone for STI.

TECHNICAL INDICATORS

MACD turn to be bullish phrase as it gave bullish crossover and also RSI reverse with today move, from up to down side but still maintain above its centreline of 50 @ 52.24.

Genting Singapore PLC

- Genting Singapore PLC took support @ its 1.86 levels and now crossed its 50 day MA level of 2.021 and closed on week high of 2.04.\

- Genting Singapore PLC making a Falling wedge pattern, as it was trading in a bearish consolidation trend and now it can move to bullish zone as it took support @ lower support line and reverse,  so if it 

will give breakout above 2.04 it can turn to be bullish.

- Genting Singapore PLC having a Resistance level @ 2.04 and it can move towards and crossed its upper trend line which is connecting with lower high and go for 2.16-2.25 and above.

- Genting Singapore Ltd having Support @ 2.00 levels and below this level 1.96-1.86 will be the major support zone for Genting.

- Technical Indicator MACD gave its bullish Crossover and seems more bullish and RSI trading above centreline of 50 @

59.18.

Singapore Stock Market for Tomorrow

STI took support @ its 61.8% retracement level of 2920 and clime upwards today it's a good sign as this retracement level act like strong

level and as we told if STI takes Support above 2920 than chance are likely to move upward direction.

STI trading below its up slopping trend line and now for coming days this trend line i.e. 3035 level will be the act as a major Resistance level

so if the STI comes above this and maintain this level than only it will be come in the safe zone

After a breakout of up slopping trend line it is trading @ lower levels and also consolidating there but still not breaching the support level of 2920 if it breaks this level than it will be a cautious situation.

SUPPORT

STI having strong support @ 2920 which is its 61.8% Retracement level if STI breached this level than it can go for 2885-2855 level.

RESISTANCE

STI having Resistance @ 3005 and above this level 3035-3070 will be the major resistance zone for STI.

SGX Derivative Analysis

Trading on Singapore Exchange's derivatives and securities markets increased in February from a year earlier.

In the securities market:

- Securities turnover grew 32 per cent year on year to $31.5 billion with an SDAV of $1.7 billion.

- ETF trading tripled to $628 million from a year earlier. Five Asian sectoral ETFs were added in February, offering customers the region's most comprehensive suite of sectoral ETFs. The additions bring to 80 the total number of ETFs on SGX.

In the derivatives and commodities markets

- Derivatives volume was 5.2 million contracts, up 39 per cent from the previous year. The average daily volume was 300,493 contracts.

- Nifty index futures volume grew 55 per cent year on year to 1.1 million contracts while FTSE A50 futures activity continued to increase with volume of 221,729 contracts in February.

- AsiaClear volume in February doubled to 15,571 contracts from a year earlier.

- The OTC financial derivatives clearing business, which began in November, showed good traction with a notional US$24.2 billion of interest rate swaps cleared from the launch to end-February. In February alone, a notional US$10.2 billion of swaps were cleared.

New statistics added to this report include data on securities on loan under the CDP Securities Borrowing and Lending programme and trading statistics for LME-SGX metal futures.

Singapore Stock Market(STI) Tomorrow

Market forecast for STI

STI closed near its day low, first STI go upwards and due to un sustainability @ higher levels STI closed @ lower levels and with this STI formed a candlestick which is having a long upper shadow and small real body, this is typically a bearish signal particularly when it occurs near a high price level, at resistance level, or when the security is overbought.

As we saw that from past three trading session STI in unable to cross its higher level of 3070 which is its good resistance level and also above than its 200 day MA level of 3066.95, if STI sustains this level than only we can see some bullish signal in the market otherwise it can move

more downside from this level.

Resistance

STI having Resistance @ 3072 which is a good Resistance zone as this level is good support for STI previously and if sustains than next higher level comes @ 3100-3130.

SUPPORT

STI having strong support @ 3010 level if STI breached this level than it can go for 2965-2935 level soon

Singapore Stock Market(STI) Tomorrow

STI Tomorrow

STI closed near to its day high and it formed a Bullish white candlestick pattern, this is generally considered bullish, as prices closed

significantly higher than they opened. And in which situation it forms it will be a bullish signal for market, and also STI closed above its 200

day MA level of 3063.80 @ 3067.60.

As we told in our weekly report that STI trading @ its up slopping trend line and trying to maintain itself above this trend line and today also

it were closed above this trend line and not sustains below this which is good sign of recovery, if STI sustained this levels than we can see

100-150 points of recovery in the market.

STI Resistance

STI having Resistance @ 3080 which is a good Resistance zone as this level is good support for STI previously and if sustains than next

higher level comes @ 3100-3130.

STI Support

STI having strong support @ 3045 level if STI breached this level than it can go for 3010-2965 level soon.

Singapore Stock Market(STI) Tomorrow

Singapore Stock Market Tomorrow
As we told in our weekly report that STI trading @ its up slopping trend line and trying to maintain itself above this trend line and today also
it were closed above this trend line and not sustains below this which is good sign of recovery, If STI will maintain this level than it can go
upwards and if it can't sustains and we can see more down trend in the market.

Support for STI
STI having strong support @ 2985 level if STI breached this level than it can go for 2965-2945-2920 level soon as STI having its 76.40%
retracement level @2921 level so this level will act as a strong support zone for Market.

Resistace for STI
STI having Resistance @ 3035 which is a good Resistance zone as STI were not able to sustain this level from past 2 days and if sustains than
next higher level comes @ 3070-3100.

Market Forecast for Next week

Market Forecast For Week Ahead

• STI were trading above the up sloping trend line and it breached this line last week and trade below this level continuous 2-3 days but finally closed near to this level of 3022.
• STI breached its 50 week MA level of 3032.32 and after that it made a low of 2965 levels and finally closed above its up slopping trend line and near to its MA level.
• For the coming week if STI trading above this 3018and 3032.32 its 50 day MA level than it will reverse from this level but it will not able to sustains its higher levels than it
• can took support @ its 61.8% retracement level of 2925.61 level.

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STI Market for Today

STI Market Review

STI today opens near to previous support of 3020 @ 3019.12 and after that it was not sustain that level and breached our support level of

2990 and made a low of 2988.52 but closed above 3000 mark with recovery from day's low.

STI closed today just above its 3000 mark @ 3001.85, made a low of 2988.52 and finally closed with loss of 17.27 points down by 0.57%.

STI Today

Tomorrow when STI were breached its major support levels 1st its 61.8% retracement @ 3058.60 and 3055.56 which is its 200 Day MA

level, than it formed a long bearish candle which denotes the bears are rules the market and in back of this today is also market follows a

down trend and breached its support level and now it can move more 100-150 points from this level.

Support for STI - As today STI made a low of 2988 but closed above 3000 mark so from this level STI still having major Support @ 2990 level and if STI can

sustain this level than it can move more down side up to 2950-2920

Resistance for STI - STI having Resistance @ 3056 its 200 Day MA level and if sustains this than can go for 3070-3100

Straits Times Today

Technical View for Straits Times

STI today opens with good gap @ 3070.60 and trading in a bearish trend whole day and made a low of 3017.01, today it breached it both

crucial support levels and fall hugely.

STI closed almost days low @ 3019.21, took support @ 3017.01 STI open with gap down @ 3070.60 and trading in a down trend and

finally closed with loss of 51.48 points down by 1.68%

Market Overview for Strait Times

STI breached its both major support levels 1st its 61.8% retracement @ 3058.60 and 3055.56 which is its 200 Day MA level, and after that it

were took support near to given support level of 3020 @ 3017.01 levels , but now it is in bearish zone and now it can move more 100-150

points from this level.