Global Research Limited

SINGAPORE
EXCHANGE

W E E K LY

Technical Report on STI

14th - 18th November 2011

www.capitavia.com.sg

Global Research Limited

SINGAPORE
EXCHANGE

Straits Time

Figure: 1, Period: Weekly

Straits Time Weekly Wrap

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3 2750 2720 2680 2810 2850 2885 Open High Low Close Change (In Points) % Change 2848.24 2880.12 2761.52 2790.92 -57.32 -2.01%

www.capitavia.com.sg

Global Research Limited

SINGAPORE
EXCHANGE

Weekly Technical View on STI

WEEKLY WRAP OF STI

Week starts with gain, as it was a short trading week. STI trades in gain on 1st trading day but can't hold this and sheds this and finally closed down. STI open this week in gains, @2848.24 , but cant able to sustain that higher levels and fell down and breached its 2800 mark and took support @ 2761.52 near to last week's low and also 50 day MA level and finally closed below 2800 mark @ 2790.94 with loss of 57.32 points down by more than 2% wow basis.

MARKET FORECAST FOR WEEK AHEAD

STI shown a volatile movement in week, opens and trade higher on the 1st two days but cant sustains above the 2880 levels and fell from there. As STI opens higher but cant able to sustains its higher levels as we told in our previous report that STI having a major Resistance @ 291015 levels whenever it will not sustains this level we can expect any good move in future. As we told in our previous report that If Market breached its 200 week MA level which is @ 2718.77 then it can be more panic in the market as the global uncertainties there in the market , so this is the another reason to pull down the markets. For coming days STI having a major Support comes @ 2750 levels and if markets breached this level then it will be more down side in the markets. An overall market seems bearish because it is not able to maintain higher levels.

STI SUPPORT
STI having immediate support @ its 2750 levels and below this level 2715-2680 will act as a major Support zone for market.

STI RESISTANCE
STI having immediate Resistance @ 2810 which is good Resistance and above this level 2850-2885 will be the higher zone for market.

TECHNICAL INDICATORS
Technical Indicators are looking bearish RSI trading below its centreline of 50 @ 44.17.

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