STI WEEKLY FORECAST (2 may 2011 to 7 may 2011)

Weekly Wrap of STI
With the continuation of last week STI made a high of 3208.34 but cant sustains and closed below 3200 mark @ 3179.86.

STI opens @ 3194.73 and then made a high of 3208.34 levels but cant sustains the higher levels and dragged down and
took support @ 3154.30 levels, then finally closed above its major resistance level of 3170 @ 3179.86 with loss of 14.87
points down by 0.47% week on week basis.

STI cant able to sustains its 3200 mark this week it made a lower highs and not able to crossed previous one.

Market Forecast for Week Ahead
STI movement is very range bound this week, total range was around 50 points and mainly it can't sustains it higher level
of 3200.

STI made high of the week @ 3208.34 and the week it make a lower high which denotes the bulls are not able to take STI
higher levels.

For next week STI look bullish on chart, if it will sustains above the 3200 mark. The MACD give its bullish crossover. And as
we can see the chart it Resist at down slopping upper line which seems to be cross this level soon the breakout for this level
is @ 3220-3225.

On the other side of coin STI trading above the its 76.4% retracement levels on weekly graph and for this reason it will be
consolidating between the range of 3200-2900 and whenever it will not able to sustains above 3225 levels , hard for it to
maintaining the higher levels.
Coming week will be decisive week for STI to its further move so we suggest that be cautious in trading.

STI Resistance
STI having major resistance @ 3225 level above this level 3250-3280 will be the major Resistance for market.

STI Support
STI having strong support @ its 3135 level near to its 100 day MA level and below this level 3100-3065 will be the major
support zone for market.......... CLICK HERE FOR MORE

SGX SINGAPORE NEWS 29 april

SE Asia Stocks-Marginally higher at end of good month 

Stocks slightly higher after Wall St rally

US markets end higher amid mixed set of economic data... CLICK HERE TO CONTINUE

STI FORECAST 29 April

STI SUPPORT
STI having strong support @ 3150 and below this level it can take support @ 3135-3110 levels.
STI RESISTANCE
STI having Resistance @ 3210 and above this level 3225-3250 will be the small and also major resistance zone for STI... CLICK HERE TO READ MORE

STI FORECAST 28 April

STI SUPPORT
STI having strong support @ 3135 and below this level it can take support @ 3110-3080 levels.
STI RESISTANCE
STI having Resistance @ 3210 and above this level 3225-3250 will be the small and also major resistance zone for STI.
TECHNICAL INDICATORS
Technical indicator MACD seems to be reverse and RSI seems to be took support @ up sloping trend line and closed @ 59.41... CLICK HERE TO SEE MORE 

26 April STI FORECAST

TECHNICAL VIEW
MARKET REVIEW
STI again closed below its 3200 mark @3187.72 and closed down from the previous day.
STI opens below 3200 mark but in the 1st half it was trading above 3200 mark but not sustains its higher level and made a high of 3208.34
and finally closed @ 3187.72 with loss of 7.01 points down by 0.22%.

MARKET FORECAST
STI today made a high of 3208.34 but cant able to hold the higher levels and closed near today's low of 3186.72 @.
STI crossed its 3200 mark but cant sustains above this level, when it will sustains this level than we can expect the more upward levels ,
above 3200 the major resistance comes @ 3225.
STI looking overbought on its daily graph, if we see the technical Indicators like MACD is its over bought condition and RSI also making its
new high but not like MACD.

STI SUPPORT
STI having strong support @ 3170 and below this level it can take support @ 3140-3110 levels... CLICK HERE TO SEE MORE

STI RESISTANCE
STI having Resistance @ 3210 and above this level 3225-3250 will be the small and also major resistance zone for STI.

Singapore Stocks, SGX Singapore, Singapore Shares,

 

.N225	Nikkei Stock Average 225	View	7:30am IST	9,710.11	+27.90	+0.29%
.HSI	Hang Seng Index	View	21 Apr 2011	24,138.31	+242.21	+1.01%
.AORD	ASX All Ordinaries Index		21 Apr 2011	4,995.70	+55.50	+1.12%
.KS11	KOSPI Index		8:52am IST	2,212.90	+15.08	+0.69%
.FTSTI	Straits Times Index		8:37am IST	3,193.78	-0.95	-0.03%
.SETI	SET Composite Index		8:52am IST	1,106.20	+0.91	+0.08%
.JKSE	Jakarta Composite		8:42am IST	3,791.38	-9.70	-0.26%
.PSI	PSE Composite Index		8:52am IST	4,324.24	+49.47	+1.16%
.KSE	Karachi SE 100 Index		22 Apr 2011	11,954.37	+0.00	+0.00%
.SSEC	Shanghai Composite Index		8:52am IST	2,987.95	-22.56	-0.75%
.TWII	Taiwan SE Weighted Index		8:52am IST	8,999.86	+30.43	+0.34%

CLICK HERE TO SEE MORE 

SGX NIFTY CLOSING

SGX SINGAPORE

Breaking News: PM asks Planning Commission to target 9-9.5 pct annual GDP growth for five years to end-March 2017

• SGX CNX NIFTY INDEX (IN 1J-SGX)
• Last: 5895.00
• Change: -6.50
• Thursday April 21, 2011 09:00 CDT

Happening Now: Montek Singh Ahluwalia says expects average annual inflation of 5 pct in next 5 years

• SGX CNX NIFTY INDEX (IN 1J-SGX)
• Last: 5890.00
• Change: -11.50
• Thursday April 21, 2011 09:23 CDT............ CLICK HERE TO SEE MORE

RPT-Reliance posts record Q4 profit, lags estimate 21 april

RPT-Reliance posts record Q4 profit, lags estimate

Stocks

Reliance Industries Ltd

RELI.NS

Rs1,040.60

+14.70+1.43%

16:36:12 IDT

MUMBAI, April 21 | Thu Apr 21, 2011 5:50pm IST

(Reuters) - India's largest listed firm Reliance Industries said fiscal fourth-quarter net profit rose 14 percent to its highest ever, but it lagged analysts' estimates as flat production from its gas blocks and lower than expected refining margins weighed on results. Billionaire Mukesh Ambani's Reliance, with interests in refining, petrochemical, oil and gas exploration and retail, said quarterly net profit rose to 53.76 billion rupees ($1.2 billion) from 47.1 billion rupees a year ago.
 A Reuters poll of brokerage had forecast quarterly net profit of 55.3 billion rupees. [ID:nL3E7FI2SL]
Reliance, which operates the world's biggest refining complex in western India, saw gross refining margins in its fourth quarter inch higher to $9.20 per barrel, up from $7.50 per barrel a year earlier and $9 in the previous quarter.
Shares in the company, valued at $75.7 billion, have declined nearly 2 percent in 2011, contributing significantly to the comparative 4.4 percent fall in the main index , in which the stock has the heaviest weight............ CLICK HERE FOR MORE

STI FORCAST TODAY 21 april

STI SUPPORT

STI having strong support @ 3130 and below this level it can take support @ 3110-3080 levels.

STI RESISTANCE

STI having Resistance @ 3170 and above this level 3200-3225 will be the small and also major resistance zone for STI.... .CLICK HERE TO CONTINUE

SGX SINGAPORE

SGX NIFTY SINGAPORE 

• SGX CNX NIFTY INDEX (IN 1J-SGX)
• Last: 5812.00
• Change: 52.00.......... CLICK HERE TO SEE MORE 

Singapore Stocks today 20 April

SINGAPORE STOCK

N225	Nikkei Stock Average 225	View	7:30am IST	9,575.64	+134.61	+1.43%
.HSI	Hang Seng Index	View	8:14am IST	23,750.42	+229.80	+0.98%
.AORD	ASX All Ordinaries Index		8:29am IST	4,925.50	+51.20	+1.05%
.KS11	KOSPI Index		11 Apr 2011	2,122.39	-5.58	-0.26%
.FTSTI	Straits Times Index		8:14am IST	3,134.75	+9.38	+0.30%
.SETI	SET Composite Index		11 Apr 2011	1,076.33	-6.36	-0.59%
.JKSE	Jakarta Composite		8:19am IST	3,747.75	+15.10	+0.40%
.PSI	PSE Composite Index		6 Apr 2011	4,212.52	+0.00	+0.00%
.KSE	Karachi SE 100 Index		19 Apr 2011	11,599.28	-75.55	-0.65%
.SSEC	Shanghai Composite Index		8:14am IST	3,013.69	+14.65	+0.49%
.TWII	Taiwan SE Weighted Index		8:09am IST	8,755.40	+116.85	+1.35%

CLICK HERE TO SEE MORE 

sgx nifty CURRENT PRICE

BLOOD BATH

• SGX CNX NIFTY INDEX (IN 1J-SGX)
• Last: 5679.00
• Change: -60.00
• Monday April 18, 2011 09:25 CD..... CLICK HERE TO SEE MORE

SGX NIFTY LIVE

• SGX CNX NIFTY INDEX (IN 1J-SGX)
• Last: 5834.50
• Change: 9.50............ CLICK HERE TO SEE MORE

STI FORECAST 15 April

TECHNICAL VIEW

MARKET REVIEW

After a positive move of yesterday, it was dull day for STI and it closed below the resistance level.

STI opens and took support @ 3154.79 levels and trades in very narrow range of some around 10-12 points and finally closed @ 3158.92

with loss of 13.16 points down by 0.41%.

MARKET FORECAST

As we previously told that STI trading above the its 76.4% retracement levels and for this reason it will be consolidating between the range

of 3200-2900 and whenever it will not able to sustains above 3220 levels , hard for it to maintaining the higher levels.

STI today opens @ higher levels but cant sustains itself above this level and makes losses and now it's trading range is become a very

narrow.

For the coming trading day its range could be 3130-3180 because it is having strong support @ its 100 day MA level and Resistance @

3180.

STI SUPPORT

STI having strong support @ 3130 and below this level it can take support @ 3100-3080 levels.

STI RESISTANCE

STI having Resistance @ 3180 and above this level 3200-3225 will be the small and also major resistance zone for STI....... CLICK HERE TO VIEW MORE 

14 April STI FORECAST

CLICK ABOVE PICTURE TO ENLARGE IT

TECHNICAL VIEW

MARKET STI FORECAST

STI took support @ its 100 day MA level and bounces back, and wiped all losses of past two days, and also it gives closing above 3170 @

3172.08.

STI today manage to close above its major resistance of 3170 and also made a very strong support to 100 day MA level, it is a positive sign if

it will maintain itself above this level.

STI trading above the its 76.4% retracement levels and for this reason it will be consolidating between the range of 3200-2900 and

whenever it will not able to sustains above 3220 levels , hard for it to maintaining the higher levels.

STI SUPPORT

STI having strong support @ 3130 and below this level it can take support @ 3100-3080 levels.

STI RESISTANCE

STI having Resistance @ 3180 and above this level 3200-3225 will be the small and also major resistance zone for STI... CLICK HERE TO SEE MORE

13 April SGX STOCKS (STI FORECAST)

TECHNICAL VIEW
MARKET REVIEW
It was a bad opening in the new week STI closed down after 8 days of consecutive rally, but still closed above major support level.
STI opens on higher side @ 3187.31 but cant sustains these levels and slide and took support @ 3155.59 levels, and finally closed almost
near to days low @ 3160.44 with loss of 26.87 points down by 0.84%.

MARKET FORECAST
STI closed near to day's low of 3155.59 @ 3160.44 it took support @ major support area but still it was nor recovers and closed near to day
low.
as we told in our previous reports that STI have to maintains its higher levels for going more upside and have to hold itself above 3225, if it
will not sustains 3180-3225 than it can be in down trend.

STI retrace from its 76.4% retracement levels and heading towards its all time high level and for this reason only it is consolidating these
major support and resistance levels.

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 @ 3190 and above this level 3225-3250 will be the small and also major resistance zone for STI.
TECHNICAL INDICATORS
Indicators looking some overbought but still not losing the strength..... CLICK HERE FOR MORE

STI FORECAST 12 April

CLICK ABOVE PICTURE TO ANA-LARGE IT

TECHNICAL VIEW

SINGAPORE MARKET REVIEW

It was a bad opening in the new week STI closed down after 8 days of consecutive rally, but still closed above major support level.
STI opens on higher side @ 3187.31 but cant sustains these levels and slide and took support @ 3155.59 levels, and finally closed almost
near to days low @ 3160.44 with loss of 26.87 points down by 0.84%.
MARKET FORECAST
STI closed near to day's low of 3155.59 @ 3160.44 it took support @ major support area but still it was nor recovers and closed near to day
low.
as we told in our previous reports that STI have to maintains its higher levels for going more upside and have to hold itself above 3225, if it
will not sustains 3180-3225 than it can be in down trend.
STI retrace from its 76.4% retracement levels and heading towards its all time high level and for this reason only it is consolidating these
major support and resistance levels.

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.

STI RESISTANCE

STI having Resistance @ 3190 and above this level 3225-3250 will be the small and also major resistance zone for STI.... CLICK HERE FOR MORE

STI WEEKLY FORECAST (11th April to 15th April)

STI WEEKLY FORECAST 

Weekly Wrap of STI

It was great trading week for STI, it continues upward rally and closed above its major resistance zone levels @ weekly high

of 3187.31.

STI opens well above previous week closing and trade continuous higher levels and made a weekly high of 3187.31 and

finally closed @ the same level with gain of 66.84 points up by 2.14%.

Market Forecast for Week Ahead

STI opens above its 100 day MA level of 3137.48 on Daily graph and maintain above this level whole week and finally

closed above major and multiple resistance level of 3180 @ 3187.31.

STI took support @ its 61.8% retracement level and rebounded from that level and closed above its major resistance levels

and now if it will maintains this level than it can move towards recent highs.

STI formed a candlestick patterns called white Marabouz which is a single candlestick patter characterized with a long

white body having no shadow on either end. It is an extremely strong bullish candlestick pattern. As STI opens on @ 3120

level and trending upwards from that level so there is no lower shadow and closed @ week high so the both upper and

lower shadows are not formed.

For the coming days STI have to maintain its 3180 levels than only it can go further upside and possibly made a new high.

STI Resistance

STI having major resistance @ 3225 level above this level 3250-3280 will be the major Resistance for market.

STI Support

STI having strong support @ its 3135 level near to its 100 day MA level and below this level 3100-3065 will be the major

support zone for market.

Technical Indicators

Technical Indicators are turns from its lower levels, RSI trading just above its centreline of 50 @ 56.25 and forming a

technical pattern wedge and having resistance @ 62 level , and MACD seems to be giving bullish cross over...... CLICK HERE FOR MORE 

8 April 2011 STI forcast

CLICK ABOVE PICTURE FOR LARGE VIEW

(

SGX SINGAPORE) TECHNICAL VIEW

MARKET REVIEW

Today very range bound movement in the STI; whole day Market trades in narrow range but in the opening and closing hour market has a

good movement.

STI opens @ 3170.33 and then made a low of 3157.42 but took support @ those levels and recovers and made a high of 3174.21 and

finally closed @ 3171.65 with very nominal gain of 1.32 points up by 0.04%.

MARKET FORECAST
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.

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.

STI RESISTANCE

STI having Resistance @ 3180 and above this level 3200-3225 will be the small and also major resistance zone for STI..... CLICK HERE TO SEE MORE

7 April 2011 STI forcast

SGX Singapore TECHNICAL VIEW

 CLICK PICTURE FOR LARGE VIEW
MARKET REVIEW

STI closed @ its day high level as well as Resistance level of itself @ 3170.33.

STI opens @ 3146.75 and then made a low of 3141.71 but took support @ those levels and recovers and closed @ day's high of 3170.33

with gain of 23.58 points up by 0.75%.

MARKET FORECAST

STI closed at day's high of 3170 and this is the major Resistance level too, as STI yesterday not holding the higher levels and also closed near

to lower levels, so Market looks like consolidating for some days but STI gives good rally in last half an hour.

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.

Previously below this level 3180-3170 STI Fall almost 200-250 and we expect if STI this time maintain above these levels than it will go for

new highs.

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.

STI RESISTANCE

STI having Resistance @ 3180 and above this level 3200-3225 will be the small and also major resistance zone for STI..... CLICK HERE FOR MORE

6 april 2011 STI FORECAST

SGX SINGAPORE

TECHNICAL VIEW

MARKET REVIEW

With continuation of past few days today STI trades above the major Resistance levels and closed above than previous closed.

STI opens @ day's low of 3133.59 and then it recovers and gives rally and crossed its Resistance of 3150 and made a high of 3165.45 finally

closed below the high @ 3146.75 with gain of 6.13 points up by 0.20%.

MARKET FORECAST

STI closed below its Resistance of 3150 and today it was not marinating the higher levels and closed down side .today Market seems to hold

the rally and it is happen for coming few days because Bulls were heavy on the market since 3 weeks almost and also market took support on

lower levels and continue heading upwards so we can expect some consolidation at this level.

STI SUPPORT

STI having strong support @ 3118 which is multiple resistances previously now act as a support and below this level it can take support @

3096-3065 levels.

STI RESISTANCE

STI having Resistance @ 3170 and above this level 3200-3225 will be the small and also major resistance zone for STI.............. CLICK HERE FOR MORE 

SGX NIFTY LIVE

The SGX Nifty is at 5960, up 12 points... CLICK HERE FOR MORE

SGX SINGAPORE ( STI LEVELS) 5 april

SGX SINGAPORE 

TECHNICAL VIEW

MARKET REVIEW

STI opens above its major resistance zone of 3118 @ 3120.47 and closed near to next resistance and days high.

STI opens above its major and multiple resistance level of 3118 @ 3120.47 and then made a high of 3145.13 near to our major Resistance

of 3150, and finally closed @ 3140.62 with gain of 20.15 points up by 0.65%.

MARKET FORECAST

STI closed well above its multiple resistance level of 3118 and heading towards next resistance of 3150, but today can't even touch the level

made a high of 3145.13 and closed near today's high, as we previously told that STI having a crossover between its 50 & 200 day MA level

and it's a good sign for Market and STI exactly act at this.

If we see daily chart of STI than we find it has a 3 white candlestick pattern, but this is not enough candles to make a three solders , but still

STI looks bullish on charts.

STI SUPPORT

STI having strong support @ 3118 which is multiple resistances previously now act as a support and below this level it can take support @

3096-3065 levels.

STI RESISTANCE

STI having Resistance @ 3150 and above this level 3170-3180-3200 will be the small and also major resistance zone for STI.... CLICK HERE FOR MORE 

TECHNICAL INDICATORS
Indicators MACD and RSI both are bu

SGX SINGAPORE NEWS 4 april

SINGAPORE MARKET NEWS

• Oil rises to 2-1/2 year peak on job rise, supply fear NEW YORK (Reuters)

• Stock market’s gains in first quarter were far from easy The Dow Jones industrial average on Thursday closed its best start to the year since 1999, rising 6. 4 percent in the first three months of 2011.

• Shanghai Asia Comes Under Fire For Sale Of Businesses Shanghai Asia Holdings’ (Shanghai Asia) is facing intensifying pressure over its proposed sales. Following the resignation of its chief financial officer and executive director Tung Kum Hon over disagreement on the disposal, lashings were received from the Securities Investors Association Singapore (SIAS).

• By Trade The News Markets Snapshot (as of 04:30GMT) - Nikkei225 +0.4% - S&P/ASX +0.7% - Kospi +0.4% - Taiex -0.2% - Shanghai Composite +0.2% - Hang Seng +0.2% - Singapore Straits Times Index +0.4% - Jun S&P Futures +0.1 at 1,322 - Spot Gold +0.2% $1,433/oz - May Crude oil +0.3% at $106.99/brl - May Brent +1.9% at $117.36 - May Copper -0.6% at $4.28 FX USD Majors Session Range - EUR/USD: 1.4175-1.4153 - GBP/USD: 1.6049-1.6020 - USD/CHF: 0.9220-0.9179 - USD/CAD: 0.9704-0.9692 - ... CLICK HERE FOR MORE 

SGX SINGAPORE ( STI LEVELS) WEEKLY REPORT 4rth march to 8 april

Weekly Wrap of STI

Strait Times opens above its 50 weeks MA level of 3042.07 and it sustains above this level, and finally closed above 3100.

STI opens well above its 50 week MA level @ 3070.84 and after that it took support @ 3044.01 very near to 50 Week MA

of 3042.07 and then it was not turns back and made a high of 3131.07 just below its Resistance of 3136, and finally closed

below high @ 3120.47 with gain of 49.63 points up by 1.59% week

Market Forecast for Week Ahead

STI opens above its multiple resistance of 3070 levels , but correct from that level and took support @ its 50 week MA level

of 3042 level @ 3044.01, after that it turns to upward rally and maintain itself above 3100 mark made a high of 3131 and

closed also above this level.

STI trading above its 61.8% retracement levels and also trading above the multiple Resistance zones of 3118, from past 3

times STI not sustains this level and taste lower levels, but this time STI closed above the resistance it's a positive sign.

For the coming days we feel some consolidation to higher side because as market trading near to its recent higher levels

and 3150 is the major Resistance for market so market can take halt for going more upwards in near term.

STI Resistance

STI having major resistance @ 3150 level above this level 3180-3225 will be the major Resistance for market.

STI Support

STI having strong support @ its 3070 level and below this level, 3040 near to its 50 weeks MA level will act as a support

zone for market and after that next level comes @ 3010

Technical Indicators

Technical Indicators are turns from its lower levels, RSI trading just above its centreline of 50 @ 51.88, and MACD seems to

be giving bullish cross over....CLICK HERE FOR MORE