Market Review for STI:
STI opened up by 8 points @ 3260.52 then it made a low of 3238.53 and took support else gave the closing at 3241.60. Today STI gave the closing at the major support @ 3240 & form a long time STI is trading in a tight range of 3280-3240.

Market forecast for STI:
A Long Red candle was formed for the day with a big real body and no upper & lower shadow. The 20 Days EMA is @3232.95 & the 50 Days EMA is at 3185.53 Currently the STI is trading in a range bound phase.
Technical indicators:
RSI is just above the centre line @55.73. Where CCI is @ 27.63

Important Factor for today:-

• All Asian Market opened down today as followed by the losses on the Wall Street supportively the Manufacturing Index of China was contracting faster than initial Results. Hence STI opened up by 8 Points @3260 and later came down.
• Crisis in Ukraine are also having a negative effect on the market, so the investors are having a narrow vision.
• SGX-ST will be delisting the Asia Power Corporation officially form 28 May 2014,
• Tigerair announced the pre-tax losses form last 3 consecutive FY.

Market Review for KLCI:
Today KLCI opened with a down with 3 points at 1866.93 and closed at 1860.54 which was the low of the day high was marked at 1869.38.

Market forecast for KLCI:
A Long Red Candle was formed for the day, the technical indicator EMA 20 days is 1860 else the EMA 50 days is @ today KLCI was in a down trend as all the Asian market were trading down else currently KLCI is trading in a consolidate phase.

Technical indicators:
RSI is just above the centre line @ 54.29 where the CCI is performing at 63.71