8:02 PM
Admin
Market
forecast:
It’s
a 2nd
day of Singapore equities to extended the gains and made highest
level since August 2011, made a high of 3231.39 levels and closed
with gains .Now looking to crossed higher levels.
Today STI
formed a candlestick pattern that is a
White Opening
Marubozu is a single candlestick pattern characterized by a long
white body. It has an upper shadow but no lower shadow. This is a
strong bullish candlestick pattern. It formed as opens lower level
and made high with good range and closed with little below the high
so the upper shadow appears.
STI is in
bullish phrase as it is trading above the resistance levels and if it
will maintain above the 3150 mark it can move further upside.
Support:
STI having
immediate support @ 3200 level and below this level it can take
support @ 3180-3150 will be the support zone for STI.
Resistance:
STI having
immediate Resistance @3240 and above this level it may take
resistance @ 3260-3280 levels.
Technical
indicators:
Technical
indicators are seem to overbought zone on charts.
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