8:42 PM
Your Advisor
STI Review
Singapore equities opened higher, tracking overnight gains in US stocks, with sentiment boosted by reports that the International Monetary Fund was planning to increase its lending capacity to help countries cope with the euro zone debt crisis.
Straits Times Index added 20.27 points or 0.73 per cent to 2,815.67 in the opening and then it slips below the opening level buy took support @ 2805 levels above 2800 mark and in the midday added some points and trades higher side and made a high of 2818.90 and finally closed @ 2811.20 above the Resistance of 2810 and added 15.80 points closed up by 0.57%.
On a turnover of $666.7 million, a total of 748 million shares were traded where gainers outnumbered losers 241 to 86.
STI for Tomorrow
After a huge rally of 2 days back and as STI trading above its 2800 mark so today it was a ranging trading day.
STI maintain itself above the 2800 mark all day and closed above well above the major level @ 2811, today we saw a very range bound movement in the market which may be reason of coming up holidays or we can say it's a relax session after a huge rally.
Now if STI able to sustains above this 2792 levels as it opens above this today and hold 2800 mark whole day, then we expect that it can touch the 2900 mark soon. and on the other side if it will crossed this level and maintain below this then it seems little negative.
STI Support for tomorrow
STI having nearest support @ 2792 and below this level it can take support @ 2770-2750 level is the major support level.
STI Resistance for Tomorrow
STI having Resistance @ 2820 and above this level it may take resistance from 2840-2855 levels.
We provide all SGX Picks, Live Singapore Stock Picks, Just Click Here & Get all Stock Signals on Mobile
Posts
