SGX Singapore Stocks & Forex Live Picks

STI Singapore Market Outlook for 31-Jan 2013

Your Advisor
Publish date: Wed, 30 Jan 2013, 08:17 PM
Your Advisor
0 10,452
Blog for SGX Singapore Stock & Forex Recommendations gives you Live Stock Picks, we provide all SGX Stock Picks, Singapore Share Prices, Forex Trading Recommendation along with STI Quotes. Get Live SGX Singapore Picks.

Market Review:
Singapore market opens slightly up, in line with regional bourses.  Singapore share prices opened @ 3265.95 levels and then it made low @ 3264.51 and took support at this level and recovers sharply and headed towards the day high @ 3285.90 levels and closed at the same higher level with gain of 26.15 points up by 0.80%.

Some 4.25 billion shares, valued at S$1.86 billion were traded. Gainers outnumbered losers 328 to 136.

Market forecast:
Today STI again test the new high @ 3285.90 and closed at same level which is good sign for further uptrend.

STI trading in a uptrend and having next Resistance level @ 3315 mark, and if it will sustain above this then we can see it to all time high levels soon.

STI having support @ its previous resistance level i.e. 3240 mark and if STI crossed this level then we can see lower levels and 3220-3195 will act as a major support zone for STI.

Support:
STI having immediate support @ 3240 level and below this level it can take support @3220-3195 will be the support zone for STI.

Resistance:
STI having immediate Resistance @3300 and above this level it may take resistance @ 3315-3350 levels.

Technical indicators:
Technical indicators are seem to overbought zone on charts.

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment