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
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