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STI Daily Technical Analysis View

Your Advisor
Publish date: Wed, 12 Mar 2014, 09:03 PM
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Following Message
Market Review:
Today the STI gave a gap down opening by 16 points 3113.41 with the volume of 135.6Million. Today complete red candle was formed for the day with a gap down from the previous day candle and made a Star Position.
Further STI made the Marubozu Pattern that shows the open is close to the high & the close is near to the low of the day.
STI Day Performance
Open
3113.41
High
3115.21
Low
3097.43
Close
3097.43
Change(Points)
-29.7
% Change
-0.949
Volume
1897.4M
Rise
166
Fall
236
Unch
656
Market forecast:
As STI formed inverted hammer yesterday , on the back of this STI opens with gap down and traded lower side whole day and formed bearish candlestick pattern.
Today STI gives a signal to bearish cross over between  its 50 & 20 day EMAs here 20 day EMA level now flat @ 3099.02 and 50 day EMA @ 3096,  flat  direction of shorter period EMA could be reverse and will give bearish cross over if STI will continue the same bearish.
Support level:
STI having immediate support @ 3120 level and below this level it can take support @3105-3090 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3135 and above this level it may take resistance @ 3145-3160
STRAITS TIME LEVELS
Support 1
3120
Support 2
3105
Support 3
3090
Resistance 1
3135
Resistance 2
3145
Resistance 3
3160
Technical indicators:
With the recovery now Technical indicators MACD trading in bullish zone in Daily chart , RSI trading above @50.77 near to centreline and CCI crossed its +100 mark @ 24.41
Important Factor for today:-
  • SGX announced today that it is coming with the new set of Asian currency futures to expand its suite of foreign exchange future (FX) & launching options on china A50 futures, as this will be available in the 3Q 2014
  • Singapore largest retail warehouse store Big Box is set to open its doors in the 4Q2014
  • A good boom is expected for this FY in Offshore RMB bond issuance by a strong policy support, continued cash crunch in the mainland and a huge amount of refinancing expected this year.
Top 5 Gainers
Top 5 Losers
Scrip Name
 CMP
 %change
 Scrip Name
 CMP
 %change
DairyFarm 900
 9.370
 2.741
JMH 400US
59.040
-1.600
Creative 50
 2.550
 2.823
JSH 500US
33.600
-2.665
Goodpack
 2.010
 3.608
UOB
20.040
-2.053
SATS
 3.060
 2.000
Jardine C&C
39.110
-1.012
ManhattanRes
 0.505
 12.222
SIA
10.200
-1.923

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