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STI, SGX Singapore Today
The market kicked off the week little changed on Monday with the key Straits Times Index up 3.58 points or 0.11% to 2,993.66.
Singapore Straits Times Index opens below 3k mark and most of the day its trading in the narrow range but in the last trading hour and made a day low of 2974.50 and closed @ same level with loss of 15.58 points down by 0.52%.
Singapore shares closed at their lowest level in two weeks, with casino operator Genting Singapore PLC ranking as the biggest decliner in the benchmark index. Volume was 1.46 billion shares worth $1.02 billion. Losers led gainers 206 to 148.
SGX Market Tomorrow
Week start on lower node and also closed @ day’s low point @ 2974.50, just above its major support level of 2970.
STI faced strong Resistance @ its technical pattern’s higher level and slips from 3035 levels and now it can’t able to sustains its 3000 mark, if it will sustain this level than only it can move higher levels.
We think that investors have to adopt cautious approach towards any trade as the market is volatile and uncertain so to keep strict stop loss for any position.
STI Support
STI having nearest support @ 2970 and below this level it can take support @ 2945-2925 level is the major support zone.
STI Resistance
STI having Resistance @ 2995 and above this level it may take resistance @ 3015-3040 levels.
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