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

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%

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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 

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 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