9:29 PM
Admin
Market Reviews:
Singapore shares open down for the day, but closed in positive node.
STI opens @ 3205.37 and then it made day low @ 3198.42 and then it took support at that level and made day high @ 3213.64.finally STI closed @ 3208.82 with gain of 0.970 points up by 0.03%.
Some 1.89 billion shares, valued at S$869.9 million were traded. Gainers numbered 183 while losers numbered 238.
Market forecast:
STI made day low below the 3200 mark, but finally closed above 3205 resistance level. On the daily graph STI recently trading in a narrow range and closed almost on same level from past 7-10 days.
As STI trading in a similar range, seems investors are cautions about the further move and playing safely.
On daily chart of STI, its 200 day and 50 day EMA levels are about to cross each other and its will be a bullish crossover.
Support:
STI having immediate support @ 3195 level and below this level it can take support @3175-3160 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3220 and above this level it may take resistance @ 3235-3250
Technical indicators:
Technical indicators MACD, RSI and CCI are looking bullish from this level as CCI trading @ 94.64 near to cross +100, RSI trading above centreline @58.49 and MACD also having a bullish move.
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