Market Reviews:
Asian shares were mixed on Tuesday, with earlier losses pared after a huge sell-off on Wall Street, while traders were spooked by a double bombing that hit the Boston Marathon..

STI opens with gap down @ 3270.33 and then recover after taking support @3264.08, made day high @ 3298.39 and closed with gain of 7.21 points up by 0.22%.

Some 3.25 billion shares, valued at S$1.16 billion were traded. Losers outnumbered gainers 237 to 203.

Market forecast:
STI opens with gap down and fell below support level @ 3265, but recover from that level and closed with gain.

STI formed a candlestick pattern called Bullish Engulfing, which forms when a small black candlestick is followed by a large white candlestick that completely eclipses or "engulfs" the previous day's candlestick. The shadows or tails of the small candlestick are short, which enables the body of the large candlestick to cover the entire candlestick from the previous day.

While the market sentiment is bearish; we see some subsided selling reflected by the short, black real body of the first day. Next day shows bull strength with a closing price at or above the previous day's open. It means that the downtrend is now losing momentum and the bulls started to take the lead.

STI is in consolidation phrase and trading between 3320-3250, and either side break will decide the further move in STI.

Support:
STI having immediate support @ 3265 level and below this level it can take support @3245-3225 will be the support zone for STI.

Resistance:
STI having immediate Resistance @3305 and above this level it may take resistance @ 3320-3335 levels.

Technical indicators:
Technical indicators MACD, RSI and CCI all bearish.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3265	3245	3225	3305	3320	3335