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Publish date: Tue, 10 Apr 2012, 07:38 PM
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SGX Stock Market Today
Straits Times Index ticked up 0.3 percent to 2,967.8 after hitting a one month low in the previous session.
STI opens on flat node and then it headed the highs of the day and made a high of 2982.44 levels and closed @ the day high of 2982.440 with gain of 22.34 points up by 0.75%.
The STI snapped its losing streak to finish up 0.6 per cent as China surprised Asian investors after its trade balance swung dramatically back into the black.
STI for Tomorrow
After breaking its major support level of 2960 yesterday, today it moves above 2980 levels which is good sign.
STI crossed its major support zone of 2965 mark and after that it took support @ 2955.64 levels yesterday and today STI opens above previous day's closing.
STI trading near to its 50 day MA level of 2981.34, as today it was closed just above this level which is good sign if STI will continue to maintain above this level.
We think that investors have to adopt cautious approach towards any trade as the market is volatile and uncertain so to keep strict stop loss for any position.
STI Support
STI having nearest support @ 2975 level and below this level it can take support @ 2960-2945 level is the major support zone.
STI Resistance
STI having Resistance @ 2995 and above this level it may take resistance @ 3005-3015 levels.
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
