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Straits Times Index(STI) Review
Singapore equities opened slightly higher on Tuesday, tracking overnight gains in US stocks. Straits Times Index added 10.56 points or 0.39 % to 2,701.84.
Straits Times Index opens with gape @ higher side and then it slightly fell and took support @ 2699 levels and then it turns back and made a day high of 2721.62 and finally closed above the Resistance level of 2715 @ 2719.83 with gain of 28.55 points up by 1.06%. A total of 856.5 million shares were traded in the market at a value of $921.4 million. Gainers led losers 241 to 95.
STI For Tomorrow
Today STI open in the positive zone and it maintain itself to close above 2700 mark as we told in our previous report, which is positive sign for market.
STI today closed and trades its 200 week MA level of 2705 and closed above the Resistance level of 2715 which is good sign for STI and if we see in charts STI crossed its down slopping trend line which is made by lower highs and STI maintaining itself above this line.
STI opens up and trades also up side and closed near to its 50 day MA level , today also it can't crossed this level 2823.57 but we are expecting that it will crossed this level in coming days, and if it will crossed and maintain above this level then it could be more bullish for 50-100 points.
On the other side 2700 mark is the major support level for STI.
STI Support
STI having nearest support @ 2690 and below this level it can take support @ 2670-2650 level is the major support level.
STI Resistance Tomorrow
STI having Resistance @ 2725 and above this level it may take resistance from 2740-2760 levels.We Provide all SGX Picks, Live STI Calls, Singapore Stock Calls,
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