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STI and KLCI Technical Analysis Outlook

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Publish date: Tue, 08 Apr 2014, 09:44 PM
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Market Review for STI:
Singapore share opened flat today where STI made a gap down opening at 3186.43 further it took the upside move and made a high of 3211.96 and closed at the higher side at 3204.09, STI formed the green candle for the day.
STI Day Performance
Open
3186.43
High
3211.96
Low
3186.09
Close
3204.09
Change(Points)
+10.50
% Change
0.33
Volume
1945.9M
Rise
249
Fall
146
Unch
673
Market forecast for STI:
Today STI formed a green candle for the day with a long real body and a long upper shadow. After making two red candles on the daily basis today it made a long green candle and takes an up move. Today STI formed the Bullish Belt-Hold Line pattern for the day.
Technical indicators:
RSI is above the centre line @65.13 where CCI is @ 82.76
STRAITS TIME LEVELS
Support 1
3194
Support 2
3180
Support 3
3160
Resistance 1
3214
Resistance 2
3230
Resistance 3
3250
Important Factor for today:-
  • SGX announced that the customer will have a direct access to transparent clearing services, this will effect greater optional efficiency and cost saving through its platform.So companies and banks who want to hedge their exposure between the Thai baht and Malaysian ringgit through non-deliverable interest rate swaps (NDIRS) are now able to do so directly at the Singapore Exchange (SGX), instead of going through their banks.
  • Intellectual Property Office of Singapore launched a new S$ 100 Million intellectual Property Financing Scheme to help the local business. 
Top Looser
Scrip Name
CMP
%change
JSH 500US$
35.25
-0.14
StarHub
4.18
-0.24
HKLand US$
6.52
-0.31
JMH 400US$
61.11
-0.62
HPH Trust US$
0.645
-0.77
Top Gainers
Scrip Name
CMP
%change
Noble Grp
1.28
4.92
Jardine C&C
48.55
3.08
GoldenAgr
0.59
2.61
SembMar
4.11
1.99
UOB
21.86
1.44
Market Review for KLCI:
KLCI opened flat today later was not able to take any upside and formed a Red candle for the day. Today low of 1851.37 was made where KLCI closed at 1852.31. Buyers were dominated by the sellers in today's session.
KLCI Day Performance
Open
1861.03
High
1861.19
Low
1851.37
Close
1852.31
Change(Points)
-10.59
% Change
0.57
Volume
1894.9M
Rise
389
Fall
424
Unch
1312
Market forecast for KLCI:
A Long Red candle was formed for the day with a very little lower shadow, Red Marubozu pattern formation was there on the chart on the daily basis in which there is the long real body.
Technical indicators:
RSI is above the centre line @59.96 else CCI is @88.44 
KLCI LEVELS
Support 1
1842
Support 2
1830
Support 3
1815
Resistance 1
1862
Resistance 2
1875
Resistance 3
1890
 Top Gainer
Scrip Name
CMP
%change
TENAGA
11.8
1.03
IOICORP
4.84
0.83
RHBCAP
8.43
0.72
UMW
11.2
0.54
 Top Looser
Scrip Name
CMP
%change
BAT
59.6
-0.1
MISC
6.78
-0.29
MAXIS
6.94
-0.29
MAYBANK
9.74
-0.41
HLBANK
14.08
-0.42
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