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Stock Market Singapore, STI for Tomorrow

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Publish date: Thu, 01 Mar 2012, 08:40 PM
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STI Today's Review
Singapore stocks open mixed @ 2998.87 due to overnight fall in US market.
 
Singapore key index STI opens up @ 2998.87 and then it trades higher and made a high of 3010.50 but cant able to sustains that level and slips from higher and took support just below our support level of 2974.94 and
finally closed at lower level @ 2978.84 with loss of 15.22 points down by 0.51%.

Volume was 1.64 billion shares worth $1.33 billion. Losers led gainers 318 to 117. Singapore fuel oil stocks near 9-1/2 month high.

Singapore Market, STI for Tomorrow
STI tries to maintain itself above the 3000 mark, breached its 3000 mark and made a high of 3010.50 but as it has a good resistance level @ 3010- 3015 levels it fail to maintain that and fall.

After a last two days of up move STI today fails to hold the same movement and slips below 3k mark again but took support near to good level @ of 2975. If STI sustain above this level then it will be beneficial for long holders.

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 for Tomorrow
STI having nearest support @ 2945 and below this level it can take support @ 2920 levels and 2900 is the major support level.

STI Resistance Tomorrow
STI having Resistance @ 3015 and above this level it may take resistance from 3035-3050 levels.
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