8:38 PM
Your Advisor
STI Review
Stocks traded lower today, weighed by slower-than-expected growth in the United States and as poor earnings from major blue chips dragged on US equity indices. Straits Times Index dropped 9.14 points or 0.38 % to 2,907.12 in the opening.
Straits Time Index open lower on the 1 trading day of the week @ 2907.12 and then traded lower side and crossed its 2900 mark but took support @ 2980 level and again traded above 2900 level but can't sustain that level and slips and made a day low of 2881.68 and finally closed @ 2888.29 with loss of 27.97 points down by 0.96%.
On a turnover of $1.13 billion, a total of 1.5 billion shares were traded where losers outnumbered gainers 255 to 169.
Singapore Stock Market Tomorrow
After 4 week of winning strike, on the 1 Trading day of the week STI sheds some points from the previous days gain and closed below 2900 mark.
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 just below its 200 day MA level of 2889.22 @ 2888.29, now from this level if STI again crossed and 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 Support
STI having nearest support @ 2860 and below this level it can take support @ 2840-2820 level is the major support level.
STI Resistance
STI having Resistance @ 2895 and above this level it may take resistance from 2910-2930 levels.
Get all SGX Nifty Tips, SGX Singapore Prices, Stock Signal, Stock Picks Singapore. - Click Here & Get all Picks on mobile.
Posts
