8:32 PM
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Singapore Stock Market Review:
* Asian markets mostly rose Tuesday and the euro firmed on hopes that central banks in the United States and Europe would take action to boost their sluggish economies after a stream of negative data.
* Singapore shares rose by midday, extending gains for the 5th straight session, as weak manufacturing data around the world spurred hopes that central banks could introduce more measures to help support the global economy.
* Stocks in Singapore closed 1.2 % higher on Tuesday, in line with regional bourses, on hopes that central banks in the United States and Europe will do more to boost their economies.
* The Straits Times Index rose 34.74 points to end at 2,945.33. Volume was 1.50 billion shares.
* Gainers led losers 227 to 128.
Market Reviews For Tomorrow:
* STI opens above 2910 levels and maintain itself above this level and closed @ day high @ 2945.33 levels, which is good for coming days.
* As we previously mention in our report that technically STI looks bullish above 2910 levels and if maintain these 2945 level than this time we expect to breached its 3035level soon.
* STI formed a candlestick pattern he White Closing Marubozu is a single candlestick pattern characterized by a long white body with no upper shadow. This is an extremely strong bullish candlestick pattern.
Support:
* STI having nearest support @ 2915 level and below this level it can take support @ 2900-2885 will be the support zone for STI.
Resistance:
* STI having Resistance @2950 and above this level it may take resistance @ 2975-2995 levels.
Technical Indicator:
* Technical indicator MACD bullish on charts as it given bullish crossover, stochastic and RSI also showing bullishness on the charts.
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