STI Daily End of Report - 11-Sept

STI daily market summary for 11-Sep-2012. The STI Index closed at 3016.4, up by 7.68 points

Top Actives Name Volume Last Change GoldenAgr 80212000 0.665 -0.01 HSI19400MBeCW121030 77572000 0.167 +0.0030 Genting SP 69310000 1.375 +0.025 $ Equation 60594000 0.014 +0.0010 GSH Corp 59479000 0.102 +0.0010 $ CCFH 51705000 0.081 -0.011 HSI19800MBeCW120927 43107000 0.065 +0.0020 Noble Grp 33287000 1.25 +0.0050 Genting HK US$ 28399000 0.335 0.0 Blumont 27362000 0.088 +0.0040

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STI Index - Market Signals For 11-Sept'2012

MARKET FORECAST

Market starts higher side for the 1st trading day of the week above 3010 and faced resistance @ 3021 level.

Now from todays move market likely to remain downside to sideways for this week. As we told in our previous report that below STI fall in the downward channel and as it faced resistance @ upper down slopping trend line so expected that it can took support @ the down slopping support line @ 2980 levels.

Today STI faced Resistance @ its 50 day MA level it made a high of 3021.22 just @ its DMA , we can expect for the coming days if it will crossed this 3021 level and maintain this than above this 3037.85 its 20 Day MA level can act as a next Resistance for coming days. Technical indicators are looking bearish on chart.

SUPPORT

STI having nearest support @ 2995 level and below this level it can take support @ 2980-2960 will be the support zone for STI.

RESISTANCE

STI having Resistance @3020 and above this level it may take resistance @ 3040-3060 levels.

STI Intraday Technical Levels 11-Sept'2012

Straits Times Intraday Levels - 11'Sept
Support 1 : 2995
Support 2 : 2980
Support 3 : 2960
Resistance 1 : 3020
Resistance 2 : 3040
Resistance 3 : 3060

STI Index - End Of Day Report 10-Sept

STI daily market summary for 10-Sep-2012. The STI Index closed at 3008.72, down by -2.98 points

Top Actives Name Volume Last Change GoldenAgr 119976000 0.675 +0.01 MIDAS 40694000 0.4 +0.015 Noble Grp 40667000 1.245 +0.01 $ Elektromotive 39601000 0.0030 +0.0010 HSI19400MBeCW121030 29780000 0.164 -0.011 HLH 27762000 0.028 +0.0010 HSI19800MBeCW120927 24078000 0.063 -0.014 Yoma 23665000 0.395 +0.0050 Contel Corp 22959000 0.019 -0.0060 GSH Corp 20650000 0.101 -0.0010

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STI SIngapore Market Forecast - 07 Sept

MARKET FORECAST

STI is continuously breaching its support levels and heading in negative direction, a rest phase may be seen in near term in it. Technically, STI is lying below its 50 DMA and sustaining below it, is further a weak signal for STI. 

3000 is still major hurdle in upside and it may take strong resistance from this level. In near term it is taking support of 2970. Technical indicators suggest MACD and RSI support for a weak phase in STI.

SUPPORT

STI having nearest support @ 2970 and below this level it can take support @ 2940 levels and 2905 is the major support level.

RESISTANCE

STI having Resistance @ 3017 and above this level it may take resistance from 3035-3060 levels.