Stock Live Market Singapore with Support & Resistance

Singapore Stock Market STI Updates

Straits Times Index kicked off more than 20 points in the opening session its open deep down @ 2960.61 levels.

STI opens lower more than 20 points @2960.61 and then it trader’s consolidation but in the noon session it’s lost the ground and breached the 2955 level and made a low of 2946.44 and closed @ the lower level of the day with loss of 36 points down by 1.21% wow basis.

Singapore shares fell 1 % to a one-month low, as concerns over slowing growth and renewed worries over the debt problems of struggling euro zone economies hurt risk appetite.

SGX Stock for Tomorrow

STI today hit its 2960 levels and exactly took support @ 2946 levels near to our support zone of 2945, and closed lower.

STI crossed its major support zone of 2960 mark and after that it took support @ 2945 levels today and closed lower level of the day, this trading type formed a candlestick pattern called Black Marubozu is a single candlestick pattern characterized by a long black body. It does not have any shadows on either end. It is an extremely strong bearish candlestick pattern.

STI trading below the 50 day MA level of 2982.17, and closed well below this level, now this 2982 levels will act major resistance for STI.

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.

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