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Publish date: Thu, 19 Apr 2012, 08:01 PM
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Todays Singapore Market
Shares opened flat today , STI opens above its 3k mark following a soft lead from Wall Street while a report in China said the country's central bank would boost liquidity to help kick start the economy.
STI opens @ 3003 levels and then it trades in a narrow range of , made a day low of 2995 and then again trades higher and made a day high of 3010.85 and finally closed @ 3008.21 with gain of 7.63 points.
After a fairly flat start to the session, Asian markets took off on hopes that China will soon ease policy.
STI - Singapore Stock for Tomorrow
STI was positive today as yesterday it closed above its 50 day MA level, in continuation of this it opens above 3k mark and closed positively.
Market was flat today but still it manage itself above 3000 mark and made a high of 3010 a closed near today high.
Investors are also looking ahead to a G20 meeting on Thursday and Friday that will discuss boosting the International Monetary Fund's debtcrisis war chest to $500 billion.
STI is trading in a consolidation phrase and its range is 2940-3035, so whenever it will not crossed either side we can't expect any big move.
STI Support
STI having nearest support @ 2985 level and below this level it can take support @ 2965-2945 level is the major support zone.
STI Resistance
STI having Resistance @ 3015 and above this level it may take resistance @ 3035-3050 levels.
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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....
