Monday, January 7, 2013

STI Singapore - Intraday Market Forecast 08 Jan

Market forecast
After euphoria of last week, today STI closed in the negative numbers. But still it looks positive as it closed above the 3200 mark.

Today STI made its all time high mark but closed @ day low level, for the more positive move STI have to maintain itself above the 3200 mark.

STI is in bullish phrase as it is trading above the resistance levels and if it will maintain above the 3150 mark it can move further upside.

Support
STI having immediate support @ 3200 level and below this level it can take support @3180-3150 will be the support zone for STI.

Resistance
STI having immediate Resistance @3240 and above this level it may take resistance @ 3260-3280 levels.

Technical indicators
Technical indicators are seem to overbought zone on charts.

 
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