Strait Time Levels:-

Support 1- 2960
Support 2- 2945
Support 3- 2920

Resistance 1- 2995
Resistance 2- 3015
Resistance 3- 3035

MARKET REVIEW:-

'' Southeast Asian stock markets closed mostly lower on Thursday as concerns over global growth outlook prompted
selling in large caps such as telecoms and a drop in oil prices weighed on energy linked shares.
'' Singapore equities opens @2978.42 and then made day high of 2987.32 , after touched it s high level it fell down and
took support @ 2966.52 levels and finally closed below the opening level with loss of 17.27 points down by 0.58%.
'' Volume was 2.36 billion Shares changed hands. There were 246 losers and 161 gainers. Cyclical stocks, which received a
fillip amid Wednesday's rally, were among the biggest losers of the STI components.

MARKET FORECAST:-

'' STI snap its previous day buying interest and closed down from previous session, took support neat to 2965 levels and closed above this level.
'' As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.
'' STI maintain itself to closed on its down sloping trend line which it was crossed yesterday , may this support level gives strength to STI and it can again trades above this level.

SUPPORT:

'' STI having nearest support @ 2960 level and below this level it can take support @ 2945-2920 will be the support zone for STI.

RESISTANCE:

'' STI having Resistance @2995 and above this level it may take resistance @ 3015-3035 levels.

TECHNICAL INDICATOR:

'' Technical indicators are looking Bullish on chart.

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