Tuesday, January 31, 2012

SGX Singapore Stocks Update

SGX Singapore Market Review
The stock market started on a steady note on Tuesday with the key Straits Times Index up 3.74 points or 0.13 per cent at 2,892.03.

Straits Time Index open lower @ 2879 levels and then recovers some points then gain fell down and made a low of 2874.31 and consolidated at this level finally trades up trend in the closing time and closed 2906.69
levels @ day high with gain of 18.40 points up by 0.64%.

A total of 3.16 billion shares were traded, generating revenues of $1.93 billion. Gainers outnumbered losers 355 to 102.


SGX For Tomorrow
STI manage to close itself above 2900 mark which is important for the up side trades after yesterdays fall STI opens and trades below 2900 mark most of the day but finally closed above 2900 levels.

As we mention in our weekly report that above 2910, it's challenging for STI to sustain this level and today STI faced resistance @ that level and slips from there, but took support @ its major support zone of 2880

STI closed above its 200 day MA level of 2887.86 @ 2609.69, now from this level if STI maintain its 2900 mark then it will be bullish some 100-120 points and if not then it will fell till 2700 mark too.

STI having nearest support @ 2870 and below this level it can take support @ 2850-2820 level is the major support level.

STI Support for Tomorrow
STI having nearest support @ 2870 and below this level it can take support @ 2850-2820 level is the major support level.

STI Resistance
STI having Resistance @ 2910and above this level it may take resistance from 2930-2950 levels.


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