SGX Singapore Stocks & Forex Live Picks
SGX Singapore Stocks Live Market
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Publish date: Tue, 28 Feb 2012, 08:23 PM
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The market started on a steady note on Tuesday following gains on Wall Street overnight after oil prices retreated.
Singapore key index STI opens @ 2950.81 and after that it made a day low of 2945.37 and then took support @ that level and traded higher side and made a high of 2970.44 and closed near to day's high @ 2969.73 with gain of 22.95 up by 0.78%. Volume was 1.46 billion shares worth $1.24 billion. Gainers led losers 238
to 161.
Singapore shares inched higher by midday, buoyed by positive U.S. housing data, but poorer-than-expected earnings from palm oil firm Golden Agri-Resources Ltd capped the broader index's gains.
SGX Singapore Stocks Tomorrow
After yesterdays fall today STI took support @ 2945 levels and closed near to 2970 @ 2969.levels which is good level to turns back in the bullish form.
STI breached its 2950 levels and closed and took support @ 2945 levels but taking support that level and recovers from the lows this movement of STI formed a bullish candlestick pattern called White Opening Marubozu it's a single candlestick pattern characterized by a long white body. It has an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.
For the coming days, investors have to follow a cautious approach in markets as market was at high levels so some profit taking is possible from higher levels.
STI Support
STI having nearest support @ 2935 and below this level it can take support @ 2920 levels and 2900 is the major support level.
STI Resistance
STI having Resistance @ 2975 and above this level it may take resistance from 2995-3015 levels.
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