Market Review:
Today the STI gave a gap down opening by 16 points 3113.41 with the volume of 135.6Million. Today complete red candle was formed for the day with a gap down from the previous day candle and made a Star Position.
Further STI made the Marubozu Pattern that shows the open is close to the high & the close is near to the low of the day.

Market forecast:
As STI formed inverted hammer yesterday , on the back of this STI opens with gap down and traded lower side whole day and formed bearish candlestick pattern.
Today STI gives a signal to bearish cross over between its 50 & 20 day EMAs here 20 day EMA level now flat @ 3099.02 and 50 day EMA @ 3096, flat direction of shorter period EMA could be reverse and will give bearish cross over if STI will continue the same bearish.
Support level:
STI having immediate support @ 3120 level and below this level it can take support @3105-3090 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3135 and above this level it may take resistance @ 3145-3160

Technical indicators:
With the recovery now Technical indicators MACD trading in bullish zone in Daily chart , RSI trading above @50.77 near to centreline and CCI crossed its +100 mark @ 24.41
Important Factor for today:-

• SGX announced today that it is coming with the new set of Asian currency futures to expand its suite of foreign exchange future (FX) & launching options on china A50 futures, as this will be available in the 3Q 2014
• Singapore largest retail warehouse store Big Box is set to open its doors in the 4Q2014
• A good boom is expected for this FY in Offshore RMB bond issuance by a strong policy support, continued cash crunch in the mainland and a huge amount of refinancing expected this year.