SGX Singapore Stocks & Forex Live Picks
Singapore Stock Market Forecast - 02 Nov 2012
Your Advisor
Publish date: Thu, 01 Nov 2012, 08:35 PM
Your Advisor
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Today STI made its 7 week lower level @ 3016 , but closed above that level overall in negative trend and we expect that this weakness will remain in market.
On the daily graph STI looking weak day by day as closed below its 50 day MA level and strong support level of 3020 next support comes @ 3000-2995 mark.
STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.
STI Support Level
STI having nearest support @ 3010 level and below this level it can take support @ 2995-2975 will be the support zone for STI.
STI Resistance Level
STI having Resistance @3050 and above this level it may take resistance @ 3065-3080 levels.
Technical indicators
Technical indicators are look to loosing strength on charts.
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