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Publish date: Mon, 09 Jan 2012, 08:32 PM
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Following Message
Support - 2680, 2660, 2640
Resistance - 2715, 2735, 2750

STI Review
The market kicked off on a soft note on Monday with the key Straits Times Index down 10.29 points or 0.38 % to 2,705.30. In the broader market, losers beat gainers three to one in a volume of 41.70 million shares valued at $54.40 million.

Straits Times Index opens with gape down @ support level of 200 week MA level of nd 2705 and then it fell down and took support @ 2683.15 and then in the 2 half it recovers from lower levels and made a high of 2707.53 and finally closed below 2700 mark @ 2691.28 with loss of 24.31 points down by 0.90% wow Basis. Volume was 904.80 million shares worth $738.70 million. Losers led gainers 208 to 136.

Straits Times Index for Tomorrow
After taking a good rally in the last week, STI this week starts in a negative zone and cant able to maintain the last week's upbeat.

STI breached its 200week MA level of 2705 and traded below the 2700 mark and also closed below this level @ 2691.28 and we are expecting that it will continue to trade in the below 2700 ark in coming days.

STI opens down and traded lower levels till midday and then it took support @ 2683.15 levels and made a high of 2707 its try to closed above 2700 mark but it can't able to control itself above the 2700 mark.

STI Support
STI having nearest support @ 2680 and below this level it can take support @ 2660-2640 level is the major support level.

STI Resistance
STI having Resistance @ 2715 and above this level it may take resistance from 2735-2750 levels.

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