SGX Singapore Stocks & Forex Live Picks
Singapore SGX - Stock Market Updates
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Publish date: Wed, 14 Mar 2012, 08:20 PM
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SGX Stock Market Today
Shares rose in opening trade on Wednesday, in line with higher regional stocks after Wall Street's best rally this year, buoyed by stronger-thanexpected retail sales data and the Federal Reserve's more positive outlook.
Singapore Straits Times Index opens with gape above 3k mark @ 3012 levels and then it traders higher and made a high of 3027.61 and after making high it fell from that level and took support @ opening price and finally closed near to days high @ 3026.40 with gain of 37.33 points up by 1.25%.
Singapore shares rose to a three-week high as upbeat U.S. economic data pushed up Asian markets, while United Overseas Bank Ltd gained on a broker upgrade.
SGX Singapore Market Tomorrow
STI again cross its 3k mark and trades well above this level and finally closed its 3 weeks higher level @ 3026.40.
Today STI breached its upper boundary of short term technical pattern called flag, as we mention in our previous report that which is continuous pattern. STI crossed its upper boundaries and touch its higher level of
pattern.
STI cross this resistance level and closed near to that level so we are expecting that it can trade above this level in coming days and can cross its 3035 -3050 levels soon.
STI Support
STI having nearest support @ 3000 and below this level it can take support @ 2975-2950 level is the major support zone.
STI Resistance
STI having Resistance @ 3035 and above this level it may take resistance @ 3050-3075 levels.
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