Monday, February 27, 2012

Singapore Daily Stock Picks, Live Stock Picks

Stock SGX Today
Singapore equities opens mixed in the 1 trading day of the week @ 2973.45 and most of the Asian markets were in red in the opening.

Singapore shares open and try to recovers last week's losses but it can't able to sustains in upward direction and faced Resistance @ 2983.51 and then in the second half market fell badly due to rising oil prices raised concerns over global economic growth, weighing on how investors feel about the region's emerging markets.

STI breached its 2950 levels today and made a day low of 2946.78 and finally closed  @ day's lower level with loss of 31.30 points down by 1.05%. Volume was 1.72 billion shares worth $1.24 billion.

Stocks SGX Tomorrow
Singapore Market fell badly in line with several Asian bourses, as investors stayed cautious on concerns that persistently high oil prices could curtail the world's fragile economic growth.

STI breached its 2950 levels and close d also below this level @ 2946.79 , now it's a matter to take cautious approach as we previously mention in our report that below 2950 levels STI can go further down side.

For the coming days, investors have to follow a cautious approach in markets as market was at high levels so some profit taking is possible from higher levels.

STI Support
STI having nearest support @ 2920 and below this level it can take support @ 2900 levels and 2890 is the major support level.

STI Support
STI having Resistance @ 2955 and above this level it may take resistance from 2975-2995 levels.

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