8:41 PM
Your Advisor
STI Today's Market Review
Singapore shares opens with gain above its 3k mark and finally closed near to opening level.
Singapore Straits Times Index opens @ 3002 and then it made a high of 3008.78 and then fell down and took support @ 2989.55 and finally closed above 3k mark @ 3005.63 with gain of 2.90 points up by 0.10%.
Singapore shares slipped below 3k mark, a fall largely in line with other regional markets on concerns about China's slowing economy, with container shipping firm Neptune Orient Lines Ltd (NOL) among those marking the biggest losses.
SGX Stock Market Tomorrow
STI in continuation of yesterday’s gain it closed above the 3k mark, but also it crossed the major support level of 2995 levels and made a low of 2989 levels.
As per technical pattern Flag last week STI trading towards its highest level of the pattern and it crossed this level, but this week STI faced Resistance @ the level and traded continuously lower levels.
STI have to maintain itself above 3000 mark , as the market sentiments is volatile as its a year ending and portfolio managers are willing to take profit booking as we see good rally in 1st two months of the year.
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 Resistance
STI having Resistance @ 3015 and above this level it may take resistance @ 3040-3060 levels.
STI Support
STI having nearest support @ 2975 and below this level it can take support @ 2945-2925 level is the major support zone.
Click Here to get all Singapore Stock picks, live share prices, Strait Times Index.
Posts
