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Tuesday, February 21, 2012

Singapore Stock Market Tips, Stock to Trades

SGX Stock Market Daily Review
Shares started little changed on Tuesday with many investors staying away until a rescue deal for Greece is reached. The key Straits Times Index added 2.84 points or 0.09 % to 3,024.03.

STI opens flat for the day and then it fell down and took support @ 3003.62 levels and then in the midday STI takes a turn and made a high of 3031.45 points, the strongest level since late June. It has gained nearly 4 % so far this month and around 14 percent so far this year. Finally closed with moderate gain of 3.88 points
up by 0.13% @ 3025.07.

Volume was 1.88 billion shares worth $1.55 billion. Losers marginally led gainers 213 to 203.

SGX Singapore Market for Tomorrow
Today, STI again made a new high of 3021.53 and closed also @ day high, it took support @ 3000 mark and takes a sharp turn from that level due to positive sentiments.

STI closed above its 3020 level but it can't able to hold its higher level in trading session and whole day trades lower but in the closing session it able to close above 3020 levels.

For the coming days, if STI continue maintain its 3000 mark and able to cross 3020 mark than it can move towards 3050-3100 mark soon.

On the other side of coin STI having an immediate support zone @ 2995 if STI sustains above this level than it can move towards higher side and other way if it crossed this level then again it can taste 2940-2920 levels and repeat few days back trend and goes more down.

STI Support
STI having nearest support @ 3000 and below this level it can take support @ 2975 levels and 2945 is the major support level.

STI Resistance 
STI having Resistance @ 3040 and above this level it may take resistance from 3060-3080 levels.

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