Singapore Stock Market Technical Analysis

Market Review for STI:
STI made a gap up at 3249.13 in the today’s session, a jump of almost 8 points was noticed at the time of opening. Later it came down and made a low of 3242.39 and closed near to low @ 3245.56.

STI Day Performance
Open	3249.13
High	3250.66
Low	3242.39
Close	3245.56
Change(Points)	3.96
% Change	0.12%
Volume	1242M
Rise	221
Fall	178
Unch	678

Market forecast for STI:
STI formed a red candle for the day. Today it was third continuous day for STI to form Red candle in a line. As it is standing on the major support of 3240. A little consolidation is expected in tomorrow’s session.
Technical indicators:
RSI is just above the centre line the centre line @56.62 Where CCI is @ 19.37

STI LEVELS
Support 1	3235
Support 2	3225
Support 3	3210
Resistance 1	3255
Resistance 2	3265
Resistance 3	3280

Important Factor for today:-

• Purchasing Manager’s Index (PMI) for Singapore increased to 51.1 in April where in March it was 50.8 was in March.
• Singapore Iron Ore Week starts from today to 8th May 2014.
• Singapore Exchange announced that the total traded value of Securities fell from 17% to 25.8 Billion in April where the Commodity trading and the Clearing activity grew on YOY basis.
• Q4 net Profit of SIAEC engineering fall to 1.1% to S$65.2 million.
• Acquisition of 89.18% Stake was made in Natural Gas Business in China from China Print Power, valued to HK$ 515.4 Million.
• Cash earning of S$15.3 million for Q4 ended 31 March 2014 published by CitySpring

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Genting Sing	1.345	2.67	SPH	4.14	-1.43
ThaiBev	0.61	1.67	Golden Agri-Res	0.61	-0.81
CityDev	10.89	1.02	HongkongLand USD	6.76	-0.59
UOB	21.61	0.75	Jardine C&C	44.77	-0.4
HPH Trust USD	0.68	0.74	Global Logistic	2.78	-0.36

Market Review for KLCI:
KLCI opened flat today @1860.35 and made a high of 1864.23 where it closed at the same of opening point of 1860.43, low of the day was 1856.85

KLCI Day Performance
Open	1860.35
High	1864.23
Low	1856.85
Close	1860.43
Change(Points)	-0.11
% Change	-0.01
Volume	1467.4M
Rise	460
Fall	273
Unch	1428

Market forecast for KLCI:
A long green Doji candle was formed for the day with a very small body and a long upper and lower shadow for the day. we expect a little correction for tomorrow’s trading session.

KLCI LEVELS
Support 1	1850
Support 2	1840
Support 3	1825
Resistance 1	1870
Resistance 2	1880
Resistance 3	1895

Technical indicators:
RSI is just above the centre line @ 54.20 where the CCI is performing at 26.22

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
HLBANK	13.84	0.73	BAT	61.2	-1.29
MAXIS	6.97	0.72	ASTRO	3.27	-1.21
FGV	4.54	0.44	PETGAS	23.36	-0.68
SIME	9.48	0.42	PCHEM	6.76	-0.59
IOIPG	2.66	0.38	HLFG	15.02	-0.53

Live SGX Nifty News

The Sgx nifty is higher by 10 points. These factors point to a positive opening for the rupee. On the Economic front, no major economic releases are there. We could expect the rupee to open slightly higher taking cues from stronger equities and a slight fall in the Dollar. But the demand for dollars from oil importers could limit the rupee’s gains. The range for the day is seen between 52.95- 53.50.

Market Review
STI opens on flat node in today's session as per mixed sentiments in over
the western and European countries.

STI opens @ 2828.53 levels and then it made a high of 2859.38 levels but
cant sustains the higher levels and traders in range but in the midsession
it suddenly turns and fell sharply and made a low of 2816.51 levels and
finally closed @ 2824.96 with loss of 3.57 points down by 0.13%.


SUPPORT
STI having nearest support @ 2820 and below this level it
can take support @ 2790-2750 levels is the major support
level.

Resistance
STI having immediate Resistance @ 2860 and above this
level 2890-2920 will be the major Resistance for market.

MARKET FORECAST
STI breached its major support of 2820 levels and took support on 2816.51
levels in today's session, and also it can able to cross its major resistance
zone of 2860, so the situation is weak on the markets.

Still STI cant able to sustain the lower level of 2820 so in future if it will
sustains below this level then it can move more down side.

On the other side STI making lower lows and lower highs its can able to
cross previous high but it breached its previous low day by day so if it will
sustains above previous day high then only it can move higher side.


TECHNICAL INDICATORS
Technical indicator MACD, RSI and stochastic trading in a
negative zone and look bearish.

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 - 25 May

MARKET REVIEW

After a freefall of last trading day, today STI was quite and having a range bound movement, but closed in positive node. STI opens @ 3110.48, than goes down and took support @ its lower level of 3105.32, and after that it made a high of 3121.66 , but finally closed @ 3113.09 with gain of 2.61 point up by 0.08%.

MARKET FORECAST

STI breaks all its support level of 100-50-200 day MA levels and today also it was trading below the resistance levels and can't even trade near

to resistance levels.

STI formed a short candle, which denotes very low movement in the market STI trades in very narrow range of 15 points in the whole day. Today is ranging move in STI and yesterday it breached its all major MA levels and today also it took support @ 3105 levels, if it will fails to recover from this level than it could be more bearish in coming days and we can see 100-150 points' correction from this level.

SUPPORT

STI having strong support @ 3090 @ its 50 week MA levels and below this level it can take support @ 3045-3010 levels.

RESISTANCE

STI having Resistance @ 3135 and above this level 3150-3170 will be the small and also major resistance zone for STI.

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SGX Nifty Tomorrow - 11 May

MARKET REVIEW

With the previous days big up move STI today also give good movement and closed above Resistance area. STI opens above 100 day Ma level and after that made a low of 3130.45 but took support @ that level and after that made a high of 3164.98 near to major Resistance zone of 3170, but finally closed @ 3156.64 with gain of 19.32 points up by 0.62%

MARKET FORECAST

As yesterday STI closed above its 100 day MA level and formed a highly bullish candlestick so with these positive biased STI today gives a good movement and closed above its good Resistance level.

STI manage to maintain it's self above its 100 day MA level of 3135.34 and also made a high near to its major and multiple resistance as well as support zone of 3170 @ 3164, but closed below the day's high and with this movement formed a long white Candlestick pattern. As previously STI can face resistance @ 100 day MA level and as today if it will sustains this level and it can go higher side.

SUPPORT

STI having strong support @ 3120 and below this level it can take support @ 3090-3070 levels.

RESISTANCE

STI having Resistance @ 3170 and above this level 3190-3210 will be the small and also major resistance zone for STI.

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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 for Tomorrow

STI took support @ its 61.8% retracement level of 2920 and clime upwards today it's a good sign as this retracement level act like strong

level and as we told if STI takes Support above 2920 than chance are likely to move upward direction.

STI trading below its up slopping trend line and now for coming days this trend line i.e. 3035 level will be the act as a major Resistance level

so if the STI comes above this and maintain this level than only it will be come in the safe zone

After a breakout of up slopping trend line it is trading @ lower levels and also consolidating there but still not breaching the support level of 2920 if it breaks this level than it will be a cautious situation.

SUPPORT

STI having strong support @ 2920 which is its 61.8% Retracement level if STI breached this level than it can go for 2885-2855 level.

RESISTANCE

STI having Resistance @ 3005 and above this level 3035-3070 will be the major resistance zone for STI.

SGX Derivative Analysis

Trading on Singapore Exchange's derivatives and securities markets increased in February from a year earlier.

In the securities market:

- Securities turnover grew 32 per cent year on year to $31.5 billion with an SDAV of $1.7 billion.

- ETF trading tripled to $628 million from a year earlier. Five Asian sectoral ETFs were added in February, offering customers the region's most comprehensive suite of sectoral ETFs. The additions bring to 80 the total number of ETFs on SGX.

In the derivatives and commodities markets

- Derivatives volume was 5.2 million contracts, up 39 per cent from the previous year. The average daily volume was 300,493 contracts.

- Nifty index futures volume grew 55 per cent year on year to 1.1 million contracts while FTSE A50 futures activity continued to increase with volume of 221,729 contracts in February.

- AsiaClear volume in February doubled to 15,571 contracts from a year earlier.

- The OTC financial derivatives clearing business, which began in November, showed good traction with a notional US$24.2 billion of interest rate swaps cleared from the launch to end-February. In February alone, a notional US$10.2 billion of swaps were cleared.

New statistics added to this report include data on securities on loan under the CDP Securities Borrowing and Lending programme and trading statistics for LME-SGX metal futures.

Market Forecast for Next week

Market Forecast For Week Ahead

• STI were trading above the up sloping trend line and it breached this line last week and trade below this level continuous 2-3 days but finally closed near to this level of 3022.
• STI breached its 50 week MA level of 3032.32 and after that it made a low of 2965 levels and finally closed above its up slopping trend line and near to its MA level.
• For the coming week if STI trading above this 3018and 3032.32 its 50 day MA level than it will reverse from this level but it will not able to sustains its higher levels than it
• can took support @ its 61.8% retracement level of 2925.61 level.

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