STI Market Outlook - 22 Nov 2012 | I3investor

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SGX Singapore Stocks & Forex Live Picks

STI Market Outlook - 22 Nov 2012

Your Advisor

Publish date: Wed, 21 Nov 2012, 08:38 PM

Singapore shares open lower below its 200 day MA level, but movement was quite good today in STI we saw a both rally in the STI.

Singapore shares open in the range of 2955 and made high of 2667.29, made a lower high from yesterday but the trading opportunity were there in the market today.

STI trading above 2950 mark today which is good recovery sign, if it will sustain above this level then shortly will see more upside trading in STI.

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 @2970 and above this level it may take resistance @ 2985-3000 levels.

Technical Indicators

Technical indicators are seems to recover from lower levels on charts.

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