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Showing posts with label sti support. Show all posts
Showing posts with label sti support. Show all posts

Thursday, February 9, 2012

Singapore Share Market Updates, SGX Share Live

Singapore Share Review
Shares started slightly mixed on Thursday after a run of gains this week as investors prepare for Chinese inflation data later in the day and want to see if a deal can be finally reached for a Greek bailout.

Straits Times Index fell 7.40 points or 0.25% to 2,974.80 on opening hours and in continuation of this it made a low of 2957.01 but took support at that level and recovers and made a high of 2992.93 but cant able to hold that level and slips and finally closed @ 2981.17 with loss of 1.03 points down by 0.03%.

A total of 3.26 billion shares, valued at $2.21 billion, were traded where gainers outnumbered losers 244 to 217.

Singapore Stock Market Tomorrow
STI try hard to cross its 3k mark today in the midsession but cant able to cross this level and closed down, this is crucial resistance level.

Today STI again face resistance level near to 3k mark and cant able to cross this level. As we mention in our previous reports that STI trading @ its technical pattern and above its multiple resistance level of 2912 so it could be bullish and touch the level of 3k or above and at this point STI looking more bullish and can go for.

STI took support above 2950 levels and as we mention in our weekly report that above this level it can be more bullish and we expect further upward movement till 3000-3050 if maintain above 3000 mark.

STI Support
STI having nearest support @ 2960 and below this level it can take support @ 2940-2920 level is the major support level.

STI Resistance
STI having Resistance @ 3000 and above this level it may take resistance from 3020- 3050 levels.

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Monday, February 6, 2012

Singapore Stock Market Daily Updates

Singapore Market Today
Singapore Shares rose 1.12 % in opening trade on 1 trading day of the week after better-than-expected jobs data from the United States pushed US stocks up on Friday. Tokyo and Seoul shares also opened more than 1% on Monday. Straits Times Index advanced 32.75 points to 2,950.70.

Singapore, among markets seen as relatively greater for global exposure, finished up 0.8 % on the day @ 2940.10. It rose as much as 1.4 % at one point in strong market turnover of nearly 2 times a 30-day average.

On a turnover of $1.97 billion, a total of 3.32 billion shares were traded where gainers outnumbered losers 338 to 125.

Singapore Market Tomorrow
Today STI crossed its 2950 levels and made a high of 2959.44 but closed below the 2950 level @ 2940.10.

As per the weekly chart it's closed above 50 week MA level of 2926.25 @ 2940.10 with good volumes, so we are expecting more bullishness in the market and STI could touch 3000 level soon.

As we mention in our weekly report that above 2930, it's challenging for STI to sustain this level and today STI crossed that level and opens above major resistance of 2950, so for this reason we are bullish in STI.

STI Support
STI having nearest support @ 2930 and below this level it can take support @ 2910-2890 level is the major support level.

STI Resistance
STI having Resistance @ 2960 and above this level it may take resistance from 2980-3000 levels.

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Monday, January 9, 2012

Singapore Share Prices Live updates, STI Review

Support - 2680, 2660, 2640
Resistance - 2715, 2735, 2750

STI Review
The market kicked off on a soft note on Monday with the key Straits Times Index down 10.29 points or 0.38 % to 2,705.30. In the broader market, losers beat gainers three to one in a volume of 41.70 million shares valued at $54.40 million.

Straits Times Index opens with gape down @ support level of 200 week MA level of nd 2705 and then it fell down and took support @ 2683.15 and then in the 2 half it recovers from lower levels and made a high of 2707.53 and finally closed below 2700 mark @ 2691.28 with loss of 24.31 points down by 0.90% wow Basis. Volume was 904.80 million shares worth $738.70 million. Losers led gainers 208 to 136.

Straits Times Index for Tomorrow
After taking a good rally in the last week, STI this week starts in a negative zone and cant able to maintain the last week's upbeat.

STI breached its 200week MA level of 2705 and traded below the 2700 mark and also closed below this level @ 2691.28 and we are expecting that it will continue to trade in the below 2700 ark in coming days.

STI opens down and traded lower levels till midday and then it took support @ 2683.15 levels and made a high of 2707 its try to closed above 2700 mark but it can't able to control itself above the 2700 mark.

STI Support
STI having nearest support @ 2680 and below this level it can take support @ 2660-2640 level is the major support level.

STI Resistance
STI having Resistance @ 2715 and above this level it may take resistance from 2735-2750 levels.

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Wednesday, January 4, 2012

Singapore Stock Market for Tomorrow

Singapore Stock Market Review
Singapore equities opens higher today after US and European shares rallied overnight on better-than-expected economic data from China, Germany and the United States.

Straits Times Index added 25.18 points or 0.94 % to 2,713.54 in the opening and then it fell down and breached the 2700 mark and took support @ 2694 levels and again takes a turn and closed near to days high of 2711.02 with gain of 22.66 points up by 0.84%.

As STI closed stronger its Volume was 865.70 million shares worth $832.10 million. There were 174 decliners versus 168 risers.

STI Forcast
Today STI opens higher but not sustain the higher level and fell down and made a low of 2694 and took support at this level and again recovers and closed near to days high.

STI opens above the Resistance level of 2695-2705 and also closed above this level, technically STI trading @ its down slopping trend line which was act strong Resistance past few months and STI cant able to cross this line . This line draws by lower highs.

With the previous day movement today also STI opens and trades in uptrend and
closed near to high so it formed a candlestick pattern called 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.

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

STI Resistance
STI having Resistance @ 2725 and above this level it may take resistance from 2740-2755 levels.

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Thursday, August 18, 2011


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.

Saturday, July 9, 2011

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.

Friday, March 4, 2011

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

Wednesday, March 2, 2011

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.

 
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