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Singapore Stock Exchange - Market Forecast 05-Oct
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Publish date: Thu, 04 Oct 2012, 08:45 PM
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Market Forecast 05-Oct
Today STI traded above the 3060 levels and closed @ day high but still not crossed the multiple resistance zones of 3088.
As STI trading above its 20 day MA level of 3065.89, and near to resistance level , so we are expecting that it may crossed the 3088 mark in coming days and if it will crossed this than next level comes @ 3105.
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. On the other hand if STI sustain its 3088 levels on higher side than it will be more bullish. Technical indicators are look to loosing strength on charts.
Intraday Support Level
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 Level
STI having Resistance @3088 and above this level it may take resistance @ 3105-3120 levels.
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