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STI Intraday Market Forecast - 12-Oct
Your Advisor
Publish date: Fri, 12 Oct 2012, 11:42 AM
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STI is continuously breaching its support levels and heading in negative direction, a rest phase may be seen in near term in it. Technically, STI is lying below its 50 DMA and sustaining below it, is further a weak signal for STI.
S$3000 is still a major support in downside and it may take strong support from this level. In near term it is having resistance level at S$3050 levels. Technical indicators MACD and RSI giving weak signal for STI.
Support Level
STI having nearest support @ 3000 and below this level it can take support @ 2975 levels and 2930 is the major support level.
Resistance Level
STI having Resistance @ 3050 and above this level it may take resistance from 3085-3115 levels.
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