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Straits Times Index - STI Outlook for 20 Nov 2012
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Publish date: Mon, 19 Nov 2012, 08:35 PM
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Singapore share traded above its 50 week MA level of 2942.23 and closed in positive node. We can expect recovery from this level.
STI took support @ its 2945 levels near to 50 week MA level, but traded in a very narrow range today. For the coming days it has to maintain above 2940 levels so it can move further upwards.
STI Support Level
STI having nearest support @ 2940 level and below this level it can take support @ 2920-2900 will be the support zone for STI.
STI Resistance Level
STI having Resistance @2960 and above this level it may take resistance @ 2980-2995 levels.
Technical Indicators
Technical indicators are looking to loose strength on charts.
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