Weekly Summary:
Singapore shares edged up, and made its 7 weeks high this week above 3250 mark. After the US Federal Reserve decided to continue with its monetary stimulus programme.
Week starts with gap up opening in STI @3151.40 and then STI continuously opened with gap whole week and finally made week high above 3250 level @ 3260.14 , finally week ended @ 3237.53 with gain of 117.23 points up by 3.75% wow basis.
Macro-economic News:
Singapore’s August non-oil domestic exports (NODX) surprised a generally optimistic market consensus (+2.4% y/y) on the downside and posted a contraction of 6.2% y/y, worse than a revised 1.9% y/y contraction seen a month ago. The contraction was due to weak performance seen in both electronic exports (-9.2% y/y) and non-electronic exports (-4.7% y/y).
Market Forecast for week ahead:
STI made its 7 week high mark in this week, in the hope of some positive new from U.S government. Also now this level STI looks Bullish if it maintains the 3200 mark.
STI formed a big green candle, opens well above its previous candle and closed with good gain. It is a highly bullish candle, but we cannot interpret further bullishness whenever the next candle will not confirm the trend.
STI Resistance:
STI having Resistance @ 3285 and above this level it may take resistance from 3305-3350 levels.
STI Support:
STI having nearest support @ 3210 below this 3180-3130 will be the support area for market.
Technical Indicators:
Technical indicators are giving positive impression.
Singapore shares edged up, and made its 7 weeks high this week above 3250 mark. After the US Federal Reserve decided to continue with its monetary stimulus programme.
Macro-economic News:
Singapore’s August non-oil domestic exports (NODX) surprised a generally optimistic market consensus (+2.4% y/y) on the downside and posted a contraction of 6.2% y/y, worse than a revised 1.9% y/y contraction seen a month ago. The contraction was due to weak performance seen in both electronic exports (-9.2% y/y) and non-electronic exports (-4.7% y/y).
Market Forecast for week ahead:
STI made its 7 week high mark in this week, in the hope of some positive new from U.S government. Also now this level STI looks Bullish if it maintains the 3200 mark.
STI formed a big green candle, opens well above its previous candle and closed with good gain. It is a highly bullish candle, but we cannot interpret further bullishness whenever the next candle will not confirm the trend.
STI Resistance:
STI having Resistance @ 3285 and above this level it may take resistance from 3305-3350 levels.
STI Support:
STI having nearest support @ 3210 below this 3180-3130 will be the support area for market.
Technical Indicators:
Technical indicators are giving positive impression.
Singapore
shares edged up, and made its 7 weeks high this week above 3250 mark.
After the US Federal Reserve decided to continue with its monetary
stimulus programme.
Week
starts with gap up opening in STI @3151.40 and then STI continuously
opened with gap whole week and finally made week high above 3250
level @ 3260.14 , finally week ended @ 3237.53 with gain of 117.23
points up by 3.75% wow basis.
Macro-economic News:
Singapore’s
August non-oil domestic exports (NODX) surprised a generally
optimistic market consensus (+2.4% y/y) on the downside and
posted a contraction of 6.2% y/y, worse than a revised 1.9% y/y
contraction seen a month ago. The contraction was due to weak
performance seen in both electronic exports (-9.2% y/y) and
non-electronic exports (-4.7% y/y).
Market
Forecast for week ahead:
- STI made its 7 week high mark in this week, in the hope of some positive new from U.S government. Also now this level STI looks Bullish if it maintains the 3200 mark.
- STI formed a big green candle, opens well above its previous candle and closed with good gain. It is a highly bullish candle, but we cannot interpret further bullishness whenever the next candle will not confirm the trend.
STI
Resistance:
STI
Support:
- STI having nearest support @ 3210 below this 3180-3130 will be the support area for market.
Technical
Indicators:
Technical
indicators are giving positive impression.
- See more at:
http://sgx-nifty-live.blogspot.in/2013/09/sti-singapore-weekly-outlook-for-23-27.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+sgxniftysingaporelive+(SGX+Nifty+%26+Singapore+Stock+Exchange+Live)#sthash.pB1D4ouN.dpuf
Singapore
shares edged up, and made its 7 weeks high this week above 3250 mark.
After the US Federal Reserve decided to continue with its monetary
stimulus programme.
Week
starts with gap up opening in STI @3151.40 and then STI continuously
opened with gap whole week and finally made week high above 3250
level @ 3260.14 , finally week ended @ 3237.53 with gain of 117.23
points up by 3.75% wow basis.
Macro-economic News:
Singapore’s
August non-oil domestic exports (NODX) surprised a generally
optimistic market consensus (+2.4% y/y) on the downside and
posted a contraction of 6.2% y/y, worse than a revised 1.9% y/y
contraction seen a month ago. The contraction was due to weak
performance seen in both electronic exports (-9.2% y/y) and
non-electronic exports (-4.7% y/y).
Market
Forecast for week ahead:
- STI made its 7 week high mark in this week, in the hope of some positive new from U.S government. Also now this level STI looks Bullish if it maintains the 3200 mark.
- STI formed a big green candle, opens well above its previous candle and closed with good gain. It is a highly bullish candle, but we cannot interpret further bullishness whenever the next candle will not confirm the trend.
STI
Resistance:
STI
Support:
- STI having nearest support @ 3210 below this 3180-3130 will be the support area for market.
Technical
Indicators:
Technical
indicators are giving positive impression.
- See more at:
http://sgx-nifty-live.blogspot.in/2013/09/sti-singapore-weekly-outlook-for-23-27.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+sgxniftysingaporelive+(SGX+Nifty+%26+Singapore+Stock+Exchange+Live)#sthash.pB1D4ouN.dpuf
Singapore
shares edged up, and made its 7 weeks high this week above 3250 mark.
After the US Federal Reserve decided to continue with its monetary
stimulus programme.
Week
starts with gap up opening in STI @3151.40 and then STI continuously
opened with gap whole week and finally made week high above 3250
level @ 3260.14 , finally week ended @ 3237.53 with gain of 117.23
points up by 3.75% wow basis.
Macro-economic News:
Singapore’s
August non-oil domestic exports (NODX) surprised a generally
optimistic market consensus (+2.4% y/y) on the downside and
posted a contraction of 6.2% y/y, worse than a revised 1.9% y/y
contraction seen a month ago. The contraction was due to weak
performance seen in both electronic exports (-9.2% y/y) and
non-electronic exports (-4.7% y/y).
Market
Forecast for week ahead:
- STI made its 7 week high mark in this week, in the hope of some positive new from U.S government. Also now this level STI looks Bullish if it maintains the 3200 mark.
- STI formed a big green candle, opens well above its previous candle and closed with good gain. It is a highly bullish candle, but we cannot interpret further bullishness whenever the next candle will not confirm the trend.
STI
Resistance:
STI
Support:
- STI having nearest support @ 3210 below this 3180-3130 will be the support area for market.
Technical
Indicators:
Technical
indicators are giving positive impression.
- See more at:
http://sgx-nifty-live.blogspot.in/2013/09/sti-singapore-weekly-outlook-for-23-27.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+sgxniftysingaporelive+(SGX+Nifty+%26+Singapore+Stock+Exchange+Live)#sthash.pB1D4ouN.dpuf
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