Market
Review:
Today the STI gave a gap down opening
by 16 points 3113.41 with the volume of 135.6Million. Today complete
red candle was formed for the day with a gap down from the previous
day candle and made a Star Position.
Further STI made the Marubozu Pattern
that shows the open is close to the high & the close is near to
the low of the day.
|
STI
Day Performance
|
|
|
Open
|
3113.41
|
|
High
|
3115.21
|
|
Low
|
3097.43
|
|
Close
|
3097.43
|
|
Change(Points)
|
-29.7
|
|
%
Change
|
-0.949
|
|
Volume
|
1897.4M
|
|
Rise
|
166
|
|
Fall
|
236
|
|
Unch
|
656
|
Market
forecast:
As STI formed inverted hammer yesterday
, on the back of this STI opens with gap down and traded lower side
whole day and formed bearish candlestick pattern.
Today STI gives a signal to bearish
cross over between its 50 & 20 day EMAs here 20 day EMA
level now flat @ 3099.02 and 50 day EMA @ 3096, flat direction
of shorter period EMA could be reverse and will give bearish cross
over if STI will continue the same bearish.
Support
level:
STI having immediate support @ 3120
level and below this level it can take support @3105-3090 will be the
support zone for STI.
Resistance:
STI having immediate Resistance @3135
and above this level it may take resistance @ 3145-3160
|
STRAITS
TIME LEVELS
|
|
|
Support
1
|
3120
|
|
Support
2
|
3105
|
|
Support
3
|
3090
|
|
Resistance
1
|
3135
|
|
Resistance
2
|
3145
|
|
Resistance
3
|
3160
|
Technical
indicators:
With the recovery now Technical
indicators MACD trading in bullish zone in Daily chart , RSI trading
above @50.77 near to centreline and CCI crossed its +100 mark @ 24.41
Important
Factor for today:-
- SGX announced today that it is coming with the new set of Asian currency futures to expand its suite of foreign exchange future (FX) & launching options on china A50 futures, as this will be available in the 3Q 2014
- Singapore largest retail warehouse store Big Box is set to open its doors in the 4Q2014
- A good boom is expected for this FY in Offshore RMB bond issuance by a strong policy support, continued cash crunch in the mainland and a huge amount of refinancing expected this year.
|
Top
5 Gainers
|
Top
5 Losers
|
||||
|
Scrip Name |
CMP |
%change |
Scrip Name |
CMP |
%change |
|
DairyFarm 900 |
9.370 |
2.741 |
JMH
400US
|
59.040
|
-1.600
|
|
Creative 50 |
2.550 |
2.823 |
JSH
500US
|
33.600
|
-2.665
|
|
Goodpack |
2.010 |
3.608 |
UOB
|
20.040
|
-2.053
|
|
SATS |
3.060 |
2.000 |
Jardine
C&C
|
39.110
|
-1.012
|
|
ManhattanRes |
0.505 |
12.222 |
SIA
|
10.200
|
-1.923
|
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