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SGX Stock Market Review
Singapore shares opened higher on Tuesday, after firm manufacturing data from the United States overnight lifted Wall Street.
STI opens @ 3027.56 levels and then it made a high of 3033.15 and faced resistance @ those levels and falls from there and made a low of 3008.02 and took support that level again climb to 3027.53 levels and finally closed @ 3014.98 levels with loss of 1.09 points down by 0.04%.
Volume was 1,669.2 million shares worth S$661.6 million. Losers outnumbered gainers 158 to 141.
Market for Tomorrow
Today Singapore equities were totally trading market with lots of up and down moves and finally ended with nominal loss of 1.09 points.
Today also it not crossed the 3035levels and turns back from near to it, made a high of 3033 levels and cant able to sustain above this.
On the weekly graph STI showing recovery after taking support on its 2990 level and closed above resistance of 3011.
STI faced strong Resistance @ its technical pattern’s higher level and slips from 3035 levels also it not sustaining the 3000 mark and struggling to hold this level for long time, 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 @ 3000 and below this level it can take support @ 2985-2960 level is the major support zone.
STI Resistance
STI having Resistance @ 3035 and above this level it may take resistance @ 3050-3065 levels.
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