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TECHNICAL REPORT
ON
G l o b a l R e s e a r c h L i m i t e d
SINGAPORE
E X C H A N G E
www.capitalvia.com.sg
SPECIAL REPORT
18th Dec, 2013
Figure: 1, Period: Daily
G l o b a l R e s e a r c h L i m i t e d
SINGAPORE
E X C H A N G E
www.capitalvia.com.sg
SPECIAL REPORT
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3015
2990
3095
3095
3120
Straits Times Levels
3040
G l o b a l R e s e a r c h L i m i t e d
SINGAPORE
E X C H A N G E
TECHNICAL VIEW
www.capitalvia.com.sg
SPECIAL REPORT
Singapore Equities opened with good gap and closed higher than previous days close.
Singapore shares open above resistance level of 3065 @ 3073.07 and then it made day high @ 3077.71 and traded
whole day above opening level but end of the day it fell below this mark and closed @ 3067.57 after making day low
3063.38 with gain of 13.80 points down by 0.45%.
Some 2.53 billion shares, valued at S$791.4 million were traded. Gainers numbered 222 while losers
numbered 157.
MARKET REVIEW
STI again traded in very narrow range but closed with gait opened with good gap. as investors are cautious
about upcoming FED meeting.
STI again formed a small candlestick as it was very narrow range trading, but the positive thing is STI closed
above resistance level of 3065.
As per the technical outlook of STI, currently it is in bearish trend and also crossed its major support zone
3065. So for further improvement in trend STI need to maintain it self above 3165 mark.
MARKET FORECAST
STI having immediate support @ 3040 level and below this level it can take support @3015-2990 will be the support zone for STI.
SUPPORT
STI having immediate Resistance @3075 and above this level it may take resistance @ 3095-3120
RESISTANCE
Technical indicators MACD, RSI and CCI are turning lower.
Technical indicators
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.
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G l o b a l R e s e a r c h L i m i t e d
SINGAPORE
E X C H A N G E
www.capitalvia.com.sg
SPECIAL REPORT