Monday 3 February 2014

Singapore SGX: Technical View Of STI

Market Review:
Singapore shares continue the down trend and traded below 3000 mark and closed well below this level.

Market forecast:
  • STI opened with gap down @ and crossed its major support level and took support multiple support zone of 2989-2985 mark and closed near to day low with loss of 1.20%.
  • STI crossed its 3000 mark and traded below this level whole day and closed @ 2990 mark just near to day low, for this bearish move STI made a candlestick pattern called long black line; this is a single and highly bearish candle.
  • As STI crossed its 3020 mark so we expect more down side movement in STI and it can touch 2950-2920.











 
STRAITS TIME LEVELS
STI Day Performance
Support 1
2970
Open
3011.41
Support 2
2950
High
3015.16
Support 3
2930
Low
2989.00
Resistance 1
3015
Close
2990.95
Resistance 2
3035
Change(Points)
-36.27
Resistance 3
3055
% Change
-1.20

Volume
1488.1M
Rise
126
Fall
245
Unch
415
Support:
STI having immediate support @ 2970 level and below this level it can take support @2950-2930 will be the support zone for STI.

Resistance:
STI having immediate Resistance @3015 and above this level it may take resistance @ 3035-3055.

Technical indicators:
Technical indicators MACD, RSI and CCI are turning.

Important Factor for today:
China’s official non-manufacturing Purchasing Managers’ Index (PMI) fell to 53.4 in January from December's 54.6, putting further strains on the market, as pressures from the massive sell-off in emerging markets show little sign of abating.

Top 5 Gainers
Top 5 Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
DBS
16.54
0.42
JSH 500US$
31.32
-3.63
ComfortDelGro
1.94
0.26
Genting SP
1.34
-2.9
Capitaland
2.76
0
HKLand US$
5.86
-2.66
Noble Grp
0.95
0
CapMallsAsia
1.715
-2.56
Wilmar
3.11
-0.32
JMH 400US$
52.35
-2.3
Important factor to watch this week 3rd to 7th Feb 2014:
S'pore Jan PMI
S'pore Jan foreign reserves
US Jan employment situation
 Corporate Action & Result Calendar as on 4th Feb 2014

Company Name
Type
Expiry Date
Record Date
Date
Paid/Payable
Particulars
CDL HOSPITALITY TRUSTS
DIVIDEND
04 Feb 2014
06 Feb 2014
28 Feb 2014
010713 - 311213 SGD 0.0093 TAX EXEMPT
CDL HOSPITALITY TRUSTS
DIVIDEND
04 Feb 2014
06 Feb 2014
28 Feb 2014
010713 - 311213 SGD 0.0463 LESS TAX
FRASER AND NEAVE, LIMITED
DIVIDEND
04 Feb 2014
06 Feb 2014
18 Feb 2014
SGD 0.12 ONE-TIER TAX
FRASERS CENTREPOINT LIMITED
DIVIDEND
04 Feb 2014
06 Feb 2014
18 Feb 2014
SGD 0.0173 ONE-TIER TAX
STI ETF
DIVIDEND
04 Feb 2014
06 Feb 2014
20 Feb 2014
SGD 0.043 ONE-TIER TAX
TRIYARDS HOLDINGS LIMITED
DIVIDEND
04 Feb 2014
06 Feb 2014
18 Feb 2014
SGD 0.02 ONE-TIER TAX

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