*Free SGX Stock Picks* Special Offer!

Monday, November 19, 2012

Straits Times Index - STI Outlook for 20 Nov 2012

Singapore share traded above its 50 week MA level of 2942.23 and closed in positive node. We can expect recovery from this level.

STI took support @ its 2945 levels near to 50 week MA level, but traded in a very narrow range today. For the coming days it has to maintain above 2940 levels so it can move further upwards.

STI Support Level
STI having nearest support @ 2940 level and below this level it can take support @ 2920-2900 will be the support zone for STI.

STI Resistance Level
STI having Resistance @2960 and above this level it may take resistance @ 2980-2995 levels.

Technical Indicators
Technical indicators are looking to loose strength on charts.

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Grants For Single Moms