SGX Singapore Stocks & Forex Live Picks
Singapore Stock Market Outlook for 23rd April
Your Advisor
Publish date: Mon, 22 Apr 2013, 08:00 PM
Your Advisor
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Market Reviews:
Singapore benchmark cross its 3300 mark in the opening and also closed above this level.
STI opens with gap above 3300 mark @ 3302.18 and then drop down and took support @ 3291 mark, recovers from that level and made day high @ 3312.14 and finally closed @ 3308.92 with gain of 14.87 points up by 0.45%.
Some 2.26 billion shares, valued at S$1.23 billion were traded. Gainers outnumbered losers 226 to 217.
Market forecast:
STI able to cross 3300 mark today and closed above this level which is good sign and positive too.
STI was facing strong Resistance at its 3300 mark in previous week but today Index made a high above resistance @ 3312 mark and closed above 3305 mark.
Support:
STI having immediate support @ 3295 level and below this level it can take support @3280-3260 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3320 and above this level it may take resistance @ 3335-3350 levels.
Technical indicators:
Technical indicators MACD, RSI and CCI all are in recovery mode.
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