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Singapore Stock Market Review
Singapore shares saw a sharp fall early on 1st trading day of the week with the benchmark Straits Times Index shedding 40.32 points to start at 2,705.39.as poor US jobs data added to already weak sentiment caused by Spain's banking crisis and political uncertainty in Greece.
STI open with deep down and then traded on flat node it lost almost 50 points in a single trading day and breached its 2700 mark and closed below this level @ 2698.90.
The STI hit its lowest level for 5 months taking its lead from Wall Street on Friday which reacted badly to weak payrolls figures.STI ended the day 1.7% down at 2,698.90.
STI Stock Market for Tomorrow
Day start with bearish sentiments opens down from last week closed, below 40 points down @ 2705 levels, crossed all the support levels and took support near to 200 week MA level.
STI breached all the support levels and today it closed near to technically strong level of 200 week MA level and it looks more bearish @ this point if breached 2690 mark than it will look further bearish 2620-2500 levels.
STI Support
STI having nearest support @ 2690 level and below this
level it can take support @ 2670-2640 will be the support zone for STI.
STI Resistance
STI having Resistance @2725 and above this level it may take resistance @ 2740-2775 levels.
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Singapore shares saw a sharp fall early on 1st trading day of the week with the benchmark Straits Times Index shedding 40.32 points to start at 2,705.39.as poor US jobs data added to already weak sentiment caused by Spain's banking crisis and political uncertainty in Greece.
STI open with deep down and then traded on flat node it lost almost 50 points in a single trading day and breached its 2700 mark and closed below this level @ 2698.90.
The STI hit its lowest level for 5 months taking its lead from Wall Street on Friday which reacted badly to weak payrolls figures.STI ended the day 1.7% down at 2,698.90.
STI Stock Market for Tomorrow
Day start with bearish sentiments opens down from last week closed, below 40 points down @ 2705 levels, crossed all the support levels and took support near to 200 week MA level.
STI breached all the support levels and today it closed near to technically strong level of 200 week MA level and it looks more bearish @ this point if breached 2690 mark than it will look further bearish 2620-2500 levels.
STI Support
STI having nearest support @ 2690 level and below this
level it can take support @ 2670-2640 will be the support zone for STI.
STI Resistance
STI having Resistance @2725 and above this level it may take resistance @ 2740-2775 levels.
Fill the Form & Get Live Stock Tips, Trading Strategy on your Mobile phone.
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