Thursday, 31 March 2011

SGX SINGAPORE (STI LEVELS ) 1 April


STRAITS TIME LEVELS 1 april

Support 1        3070
Support 2        3040
Support 3        3010
Resistance 1    3118
Resistance 2    3150
Resistance 3    3180 

MARKET REVIEW
STI closed above 3100 mark @ 3105.85, opens above its 200 day MA level of 3090 and after that made a high of 3115.47.
STI opens above 200 day MA level @ 3095.32 and made a low of 3092.61 took support at its 200 day MA level and then made a high of
3115.47 but closed with slide downwards @ 3105.85 with gain of 10.53 points up by 0.55%.


MARKET FORECAST
Today STI closed above its 3100 mark, as we told in our yesterdays report that 50 and 200 day MA level of 3088.37 and 3089.23
respectively, crossed each other's which is a positive sign for market, and today STI opens above its 200 Day MA level of 3090.52.


STI made a high of 3115.47, today also it was not crossed its major Resistance level of 3118-3120, as we told that if STI maintain its next
Resistance of 3118-3120 than we can expect more upside, previously STI faced Resistance @ same level and reverse from this level trice,
now we expect that STI can crossed this level and also maintains above this level too.......... CLICK HERE TO SEE MORE
 

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