SGX Singapore TECHNICAL VIEW
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MARKET REVIEW
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
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