Straits Time Levels:-

Support 1- 2985
Support 2- 2965
Support 3- 2945
Resistance 1- 3015
Resistance 2- 3040
Resistance 3- 3060

SGX Market Review for Today:-

' Singapore opens higher with little gain and close also with the small recovery from last trading days.
' Singapore share opens @ 2989.92 and then it continuously traded upward and made day high of 3007.19 but cant sustains above 3k mark long time and fell from there, closed below 3k mark @ 2998.44 with gain of 15.95 points up by 0.53%.
' Recovering part of their sharp loss on previous trading day. The gains came as data showing improvement in China's manufacturing sector boosted risk sentiment in some markets in Asia. In the broader market, 947 million shares changed hands. Gainers outnumbered losers 195 to 142.

SGX Market Forecast for Tomorrow:-

' STI recovers some points from the past two trading session sharp fall, STI crossed its 3k mark today and traded above that but can't sustain higher levels and closed below this psychological level.
' Today STI sustain above its support level of 2985 and closed well above and near to 3000 mark, but for higher levels STI have to sustain above 3000 mark in coming trading sessions.
' STI having a major resistance area above the 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.

SUPPORT:-

' STI having nearest support @ 2985 level and below this level it can take support @ 2965-2945 will be the support zone for STI.

RESISTANCE:-

' STI having Resistance @3015 and above this level it may take resistance @ 3040-3060 levels.

TECHNICAL INDICATOR:-

' Technical indicators are looking bearish on chart.


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