technical report on sti - 23rd november 2011

8/3/2019 Technical Report on STI - 23rd November 2011

http://slidepdf.com/reader/full/technical-report-on-sti-23rd-november-2011 1/3

Global Research L imi ted

SPECIAL REPORTwww.capitalvia.com.sg

SINGAPORE

E X C H A N G E

TECHNIC AL

REPORTON

STI

2 3 r d N o v e m b e r , 2 0 1 1



STI fell slightly on today as the lack of progress in dealing with debt woes in Europe

and the United States weighed on investor confidence. Straits Times Index dropped

6.99 points or 0.26 per cent to 2,690.99. In the broader market, losers beat gainers 3

to 1 in a volume of 75.40 million shares valued at $54.70 million.

STI open with gape down @ its support level of 2690, and take U turn from that

support level and traders higher almost all the day and made a high of 2718.19, and

finally closed @ 2717.20 , above its Resistance level with gain of 19.22 points up by

0.71%.

Today market took support on its major support level of 2690.50 and turns from that

level and closed above its major resistance level of 2715 which was previously act as

a support level.

Still market trades below its 50 day MA level of 2747.14 and closed below this level,

but also closed in positive node.

Market has not strength for upside and with this reason market slowly coming

down side and making new lower levels day by day and with this it will be looking

more bearish is the near term .

For the coming days STI should maintain its 2715 level and if it will sustains below

this level than we can expect more down side.

Technical Indicators are bearish MACD gave its bearish crossover, RSItrading below its centre point of 50 @ 42.27

Figure: 1, Period: Daily

Support 1

Support 2

Support 3

Resistance 1

Resistance 2

Resistance 3


SINGAPORE

E X C H A N G E

STI having nearest support @ 2680 and below this level it can takesupport @ 2650-2620 level is the major support level.

STI having Resistance @ 2725 and above this level it may takeresistance from 2745-2775 levels.

SPECIAL REPORT www.capitalvia.com.sg

STRAITS TIMELEVELS

TECHNICAL VIEW

MARKET REVIEW SUPPORT

MARKET FORECAST

RESISTANCE

TECHNICAL INDICATORS

2650

2620

2725

2745

2775

2680



Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment

perspective. The information contained herein is based on analysis and up on sources that we consider reliable. We,

however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and

we are not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial

profits or loss which may arise from the recommendations above. The stock price projections shown are not

necessarily indicative of future price performance. The information herein, together with all estimates and

forecasts, can change without notice. We does not purport to be an invitation or anoffer to buy or sell any financial

instrument. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved.

Disclaimer


SINGAPORE

E X C H A N G E

SPECIAL REPORT www.capitalvia.com.sg

technical report on sti - 23rd november 2011

Documents