S'pore Stock Market Review
Its 3rd continuous day where Singapore market opens higher.STI open for day @ 2853.94 up by 11.53 points.
STI starts with gap up opening @ 2853.98 levels and made day high
@2861.53, and after that STI trades in a narrow rand but in the 2nd half
ofthe day STI comes slightly down and made day low @ 2844.22 , finally
closed near today high @ 2855.68 with gain of 13.27 points up by 0.47%.
Market closed higher for the 4th trading session on the Singapore
Exchange, overall volume traded was 1.34 billion shares, with gainers
beating losers 205 to 131.
STI Stock for Tomorrow
STI crossed its major resistance of 2850 mark and trades above that level and made high well above that level.
Markets are positive due to investors hope for fresh stimuli drive by
the US Federal Reserve to kick-start its economy. So in this week we can
expect more upside move in the market.
Market closed near to its 50 day MA level, so we can expect that it will
cross this level of 2869.74 in near term and trades above this level.
SGX Stock Support for Tomorrow
STI having nearest support @ 2830 level and below this level it can take support @ 2810-2790 will be the support zone for STI.
SGX Stock market Resistance for Tomorrow
STI having Resistance @2870 and above this level it may take resistance @ 2895-2910 levels.
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