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Friday, April 8, 2011

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.

 
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