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SGX Singapore Market Forecast - 27 Sept
Your Advisor
Publish date: Wed, 26 Sep 2012, 08:35 PM
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STI continue consolidated in a fairly tight range of 3088-3055 in this week. And day before yesterday it recovers from support level and yesterday it opens flat and after consolidation closed near to open level in short closed flat.
Today STI opens with gap, loss of more than 20 points and well below the support level of 3050 and closed below this near to its multiple support levels as well its 50 day MA level of 3040.77 @ 3046.68.
For the coming days 3040 level is the decisive level for STI if it breached this level and sustain below this than we can see southern tone of market. Technical indicators are look to loosing strength on charts.
Intraday Support levels
STI having nearest support @ 3040 level and below this level it can take support @ 3020-2995 will be the support zone for STI.
Intraday Resistance Levels
STI having Resistance @3055 and above this level it may take resistance @ 3075-3090 levels.
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