Stock Market Singapore, STI for Tomorrow

STI Today's Review

Singapore stocks open mixed @ 2998.87 due to overnight fall in US market.
 

Singapore key index STI opens up @ 2998.87 and then it trades higher and made a high of 3010.50 but cant able to sustains that level and slips from higher and took support just below our support level of 2974.94 and
finally closed at lower level @ 2978.84 with loss of 15.22 points down by 0.51%.

Volume was 1.64 billion shares worth $1.33 billion. Losers led gainers 318 to 117. Singapore fuel oil stocks near 9-1/2 month high.

Singapore Market, STI for Tomorrow

STI tries to maintain itself above the 3000 mark, breached its 3000 mark and made a high of 3010.50 but as it has a good resistance level @ 3010- 3015 levels it fail to maintain that and fall.

After a last two days of up move STI today fails to hold the same movement and slips below 3k mark again but took support near to good level @ of 2975. If STI sustain above this level then it will be beneficial for long holders.

For the coming days, investors have to follow a cautious approach in markets as market was at high levels so some profit taking is possible from higher levels.

STI Support for Tomorrow

STI having nearest support @ 2945 and below this level it can take support @ 2920 levels and 2900 is the major support level.

STI Resistance Tomorrow

STI having Resistance @ 3015 and above this level it may take resistance from 3035-3050 levels.

SGX - Singapore Stock Market for Tomorrow

Strait Times Index Review

Singapore share prices rallied on Tuesday to more than make up for Monday's fall. STI opens higher added 12.83 points or 0.47 per cent to 2,769.32.

STI opens higher above resistance of 2765 and traded higher side as follow the as stronger-than-expected economic data from China boosted market confidence and pushed up commodity, STI traded in the one side and crossed its major Resistance of 2792 and made a high of 2815.85 and finally closed @ day high with gain of 59.36 points up by 2.15%.

On a turnover of $1.44 billion, a total of 1.34 billion shares were traded, where gainers outnumbered losers 292 to 87.

Strait Times Index For Tomorrow

STI unexpectedly given a rally and hits 2-month highs closed above 2800 mark with good gains was trades in a one sided.

STI crossed its multiple Resistance level of 2792 and closed well above this level with forming a highly bullish candlestick pattern which is single candle called white Marubozu pattern characterized with a long white
body having no shadows on either end. It is an extremely strong bullish candlestick pattern.

Now if STI able to sustains above this 2792 levels then we expect that it can touch the 2900 mark soon.

STI Support

STI having nearest support @ 2792 and below this level it can take support @ 2770-2750 level is the major support level.

STI Resistance

STI having Resistance @ 2830 and above this level it may take resistance from 2850-2875 levels.

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SGX - Singapore Stock Market for Tomorrow

Singapore Stock Market review

The Singapore market opened mixed on Thursday following further contraction in Singapore's manufacturing sector and as euro zone concerns persisted.

Straits Times Index rose 2.21 points or 0.08 per cent to 2,713.23 and after opening it consolidates some time and then it took support@ 2708 levels and then boom and crossed its 50 day MA level and made a day high of 2733.86 and then consolidate @ higher level and fell from that higher level and closed @ 2713.02

levels with gain of 2 points up by 0.07%.

On a turnover of $710.9 million, a total of 847 million shares were traded where gainers outnumbered losers 176 to 157.

SGX Forcast

STI was taking a good rally today it crossed its 50 day MA level after a month move,it was trading below its MA level and also closed with gain.

STI crossed its down slopping trend line which was a strong Resistance for STI from past few months and STI cant able to cross this line . This line draws by lower highs.

And today STI crossed this and sustain above this line.

STI formed a spinning top which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference

between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Singapore Stock Market support

STI having nearest support @ 2690 and below this level it can take support @ 2660-2640 level is the major support level.

Singapore Stock Market Resistance

STI having Resistance @ 2735 and above this level it may take resistance from 2755-2775 levels.

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STI Weekly Trend for 11 July to 15 July

WEEKLY WRAP OF STI

After a last week move it was a very dull or little movement seen in STI Index it faced Resistance near to 3170 and took support @ its 50
day MA level.

STI opens this week @ 3139.01 and then it made a high of 3164.65 very near to its major Resistance level of 3170 and reverses back from resistance level and made a low of 3114. 71 and took support @ its 50day MA level on daily chart and finally closed @ 3151.28 with gain of 12.27 points up by 0.39% wow basis.

STI face support @ its down slopping trend line on daily chart and cant able to sustain this level and loose the trend but took support at its 50 day MA level and finally closed on positive node.

MARKET FORECAST FOR WEEK AHEAD
STI seems to be bullish on chart, on the weekly chart it closed well above its 50 weeks MA level of 3118.24 @ 3151.28

STI now again in the same position where it face resistance and consolidates from past many weeks, as it is trading above its 61.8% retracement level, it can't able to maintain higher levels and consolidate in the range of 2900-3200.

If in the next week STI able to maintain itself above 3170 level and we can expect some 50-80 points upward move in the market. On the other side of coin if it will breached its 50 week MA level of 3118-3112 so it will trades below 3100 mark in coming week.

STI RESISTANCE
STI having major resistance @ 3170 level above this level 3195-3210 will be the major Resistance for market.

STI SUPPORT
STI having strong support @ its 3112 and below this level 3098-3050 will be the major support zone for coming week.

TECHNICAL INDICATORS
Technical Indicators look bullish as MACD about to give its bullish crossover and stochastic also looking positive as it is trading positive biased,RSI is trading @ its centreline of 50 @ 52.93 so the indicators looks bullish.

Singapore Stock Market (STI) for Tomorrow

STI Tomorrow
- STI closed near to day's high of 3174.21 @ 3171.65 and this is the major Resistance level too, STI maintain to hold its Resistance level of
3170 but cant crossed the next level of 3180.
 - Today STI forms a spinning top, it is a candle with a small real body, Spinning tops identify a session in which there is little price action during a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble. As market hold its resistance level and cant sustains above this level.
- As we previously told that above 3170 level STI having small Resistance level and these are important too because before this rally these levels act like a Multiple Support and Resistance for STI.

SUPPORT
STI having strong support @ 3140 which is multiple resistances previously now act as a support and below this level it can take support @ 3110-3085 levels.

RESISTANCE
STI having Resistance @ 3180 and above this level 3200-3225 will be the small and also major resistance zone for STI.

SGX Nifty , STI Market for Tomorrow

MARKET REVIEW

After a winning strike of last week on the very first day on new week STI closed with some lose.

STI opens @ 3070.84 at days high but not sustains that higher level and made a low of 3044.33 and finally closed with some points of recovery @ 3057.38 losses of 13.46 points down by 0.44%.

MARKET FORECAST

As we told in our previous reports that STI having a trading range of 2950-3120 and it is moving between this range only and before last week STI breached this 2950 level and made a low of 2919 took support @ its 61.8% retreatment level.

Today STI faced Resistance @ 3070 level which is its previous multiple support as well as Resistance level, so now this level again act as a Resistance for the Market and also it took support @ up slopping trend line today. So the coming days , STI have to maintain above its 3070 levels for upwards rally and also not to breached its up slopping trend line level if

breached than it can go further down side.

SUPPORT

STI having strong support @ 3020 and below this level it can take support @ 2990-2960 levels.

RESISTANCE

STI having Resistance @ 3070 and above this level 3100-3130 will be the major resistance zone for STI.

TECHNICAL INDICATORS

MACD turn to be bullish phrase as it gave bullish crossover and also RSI reverse with today move, from up to down side but still maintain above its centreline of 50 @ 52.24.

Singapore Stock Market(STI) Tomorrow

Market forecast for STI

STI closed near its day low, first STI go upwards and due to un sustainability @ higher levels STI closed @ lower levels and with this STI formed a candlestick which is having a long upper shadow and small real body, this is typically a bearish signal particularly when it occurs near a high price level, at resistance level, or when the security is overbought.

As we saw that from past three trading session STI in unable to cross its higher level of 3070 which is its good resistance level and also above than its 200 day MA level of 3066.95, if STI sustains this level than only we can see some bullish signal in the market otherwise it can move

more downside from this level.

Resistance

STI having Resistance @ 3072 which is a good Resistance zone as this level is good support for STI previously and if sustains than next higher level comes @ 3100-3130.

SUPPORT

STI having strong support @ 3010 level if STI breached this level than it can go for 2965-2935 level soon

Singapore Stock Market(STI) Tomorrow

STI Tomorrow

STI closed near to its day high and it formed a Bullish white candlestick pattern, this is generally considered bullish, as prices closed

significantly higher than they opened. And in which situation it forms it will be a bullish signal for market, and also STI closed above its 200

day MA level of 3063.80 @ 3067.60.

As we told in our weekly report that STI trading @ its up slopping trend line and trying to maintain itself above this trend line and today also

it were closed above this trend line and not sustains below this which is good sign of recovery, if STI sustained this levels than we can see

100-150 points of recovery in the market.

STI Resistance

STI having Resistance @ 3080 which is a good Resistance zone as this level is good support for STI previously and if sustains than next

higher level comes @ 3100-3130.

STI Support

STI having strong support @ 3045 level if STI breached this level than it can go for 3010-2965 level soon.

Singapore Stock Market(STI) Tomorrow

Singapore Stock Market Tomorrow
As we told in our weekly report that STI trading @ its up slopping trend line and trying to maintain itself above this trend line and today also
it were closed above this trend line and not sustains below this which is good sign of recovery, If STI will maintain this level than it can go
upwards and if it can't sustains and we can see more down trend in the market.

Support for STI
STI having strong support @ 2985 level if STI breached this level than it can go for 2965-2945-2920 level soon as STI having its 76.40%
retracement level @2921 level so this level will act as a strong support zone for Market.

Resistace for STI
STI having Resistance @ 3035 which is a good Resistance zone as STI were not able to sustain this level from past 2 days and if sustains than
next higher level comes @ 3070-3100.