STI TECHNICAL ANALYSIS

STI LEVELS TODAY

Support 1	Support 1	Support 1	Resistance 1	Resistance 2	Resistance 3
2985	2965	2945-2910	3035	3070	3100

STI TECHNICAL VIEW

MARKET REVIEW

STI opens and closed above 3000 @ 3010.51 after that made a low of 2988.10, but cant sustains there and recovers from its low and

maintains itself to close above 3000 mark.

STI breached its support level of 2990 and made a low of 2988 but finally close for the day @ 3010.51 with loss of 14.65 points down by

0.48%.

MARKET FORECAST

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

STI TECHNICAL SUPPORT SUPPORT

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.

STI TECHNICAL RESISTANCE

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.

TECHNICAL INDICATORS

MACD and RSI indicators are in bearish zone, RSI trading @ its oversold level @ 33.36 and MACD is also in bearish zone.

STI WEEKLY REPORT

Technical outlook for Chip Eng Seng Corp Ltd

Chip Eng Seng Corp Ltd looks good on daily charts , it is trading above its uping trend line

and also near to its 50 day MA level .

If Chip Eng Seng Corp Ltd sustains it 0.445 level than one can take long position above this level for target of 0.475-0.515-0.550 level

On the other side of coin if Chip Eng Seng Corp Ltd breached this up slopping trend line the level is 0.418 than it can go for 0.39 and 0.387 which is its 200 day MA level.

Technical outlook for versea-Chines Bank Corp Ltd.

OCB seems to be reverse from this level as it is trading above its 200 day MA level of 9.195 @9.26 and if it took support @ this level and reverse from here than above its up slopping trend line it will be in bullish zone.

Resistance for OCB comes @ 9.40 and if scrip sustains this level than one can take long position for target 9.55-9.65 and above.

Support comes for OCB @ 9.04 from this level and if breached this level than it can go for more down side up to 8.90-8.80 soon.

Technical outlook for TY DEVELOPMENTS

City Development looks bullish on daily graph as it is trading above its up slopping trend line and also in such a down trend market its maintain to reverse from support level of 10.48.

City Development having Resistance @ 11.40 level and recently trading @ 11.30 so if it will continue the upward rally than it can be move towards 11.60-11.80-12.00 soon so one can take long position above 11.40

CID having immediate support @ 10.90 and if breached this level than 10.70-10.90 will be the support zone for it.

S&P CNX Nifty

The S&P CNX Nifty close at 5303.55, up by 40.85 points or 0.78 %. The market rallied in the later part of the session to end the session on a positive note.

STI LEVEL TODAY

STI LEVEL 25 feb.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
2950	2920	2890	2990	3016	3050

STOCK PICS 24 feb.

MARKET FORECAST

Tomorrow when STI were breached its major support levels 1st its 61.8% retracement @ 3058.60 and 3055.56 which is its 200 Day MA
level, than it formed a long bearish candle which denotes the bears are rules the market and in back of this today is also market follows a
down trend and breached its support level and now it can move more 100-150 points from this level.

SUPPORT
As today STI made a low of 2988 but closed above 3000 mark so from this level STI still having major Support @ 2990 level and if STI can
sustain this level than it can move more down side up to 2950-2920

RESISTANCE
STI having Resistance @ 3056 its 200 Day MA level and if sustains this than can go for 3070-3100

TOP 10 Gainers SGX MARKET

SINGAPORE MARKET GAINERS TODAY

1. Infinio 5CS
2. AsianMic
3. Liang Huat
4. ChinaEnSave
5. HLH H27
6. PNE Micron
7. StyleMerc
8. Longcheer
9. ChinaEnvRes
10. TT Int T09

stock picks 23 feb.

MARKET FORECAST
STI breached its both major support levels 1st its 61.8% retracement @ 3058.60 and 3055.56 which is its 200 Day MA level, and after that it
were took support near to given support level of 3020 @ 3017.01 levels , but now it is in bearish zone and now it can move more 100-150
points from this level.

SUPPORT
From this level STI having major Support comes @ 2990 level and if STI can sustain this level than it can move more down side up to 2950-
2920

RESISTANCE
STI having Resistance @ 3056 its 200 Day MA level and if sustains this than can go for 3070-3100
TECHNICAL INDICATORS
MACD and RSI indicators are in bearish zone, RSI trading below its oversold level @ 26.39 and MACD is also in bearish zone.

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