SGX
STI SUPPORT
STI having strong support @ 3100 and below this level it can take support @ 3070-3050 levels.
STI RESISTANCE
STI having Resistance @ 3150 and above this level 3170-3190 will be the small and also major resistance zone for STI.... CLICK HERE TO SEE MORE
MARKET REVIEW
STI having a very range bound movement after a one day holiday; STI total movement for the day was only 20 points.
STI opens above its 100 day AM level but can't sustain and slips below this level and took support @ 3124.93 levels below its 200 day MA
levels. Finally closed at higher side, made a high of 3145.10 and closed @ 3141.21 with gain of 4.73 points up by 0.15%.
MARKET FORECAST
in the opening session STI, breached its 100 day MA level, and took support at its near to its 200 day MA level of 3128.03 @ 3124.93, and
closed near to its days high and above its 100 day MA level.
STI formed a very short candlestick, due to low movement in the market, STI traders in a very low range of 20 points whole day and so it formed
a short candlestick patter.
As STI closed below its major support zone of 3135 i.e. 100 day MA level, so we expect further down trend in the market and also @this level
some strong technical indicators are coming together, like its 200 Day MA denote with blue line comes @ 3128.03 major support zone comes
@ 3116 denoted with white horizontal line and below this its 50 day MA level comes @ 3113.41 denoted with yellow line. So STI can take
support on these levels or if it will cross these levels than it can go more down side.
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