8:09 PM
Admin
Market Reviews:
Singapore's STI is up 0.4% at 3304.87, tracking buoyant regional markets after Wall Street set fresh record highs Wednesday
STI opens with good gap and then traded higher side and made day high @ 3313.50 and finally closed @ 3308.80 with gain of 15.55 points up by 0.47%.
Some 3.06 billion shares, valued at S$1.30 billion were traded. Gainers outnumbered losers 261 to 185.
Market forecast:
STI again recovers after yesterdays down movement and closed above 3300 mark @ 3308.80 with gain of half percent.
STI stocks open higher but were not strong enough to go with trend and come down. As we earlier said that in the consolidation phrase stocks also not showing strength.
STI is in consolidation phrase and trading between 3320-3250, and either side break will decide the further move in STI.
Support:
STI having immediate support @ 3295 level and below this level it can take support @3275-3250 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3320 and above this level it may take resistance @ 3335-3350 levels.
Technical indicators:
Technical indicators MACD, RSI and CCI all bullish, with today’s move.
| Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 3295 | 3275 | 3250 | 3320 | 3335 | 3350 |
Posts
