Weekly Outlook Market 10-NOV-17
The benchmark Straits Times Index went higher by 37.79 points or 1.12% last week. STI opened lower at 3380.36 and ended much higher at 3420.10 with the weekly low of 3368.10. The market has shown much bull power and it continues the uptrend after finding much support around 3358 level.
The market has ended higher after getting regular support from 3358 level. It also closed at 17 week’s high at 3420.10. It can continue its uptrend this week too with getting some support around 3400 level.
After the break a strong hurdle of 3400, it can now go for 3500 level in coming days. Fresh buying has been started now and the market looks solid in coming days. Buy on dips strategy would follow in this condition. 3470 seems a quite a resistance level whereas 3390 would be better support level for this week.
|MACD||12,26,9||53.09, 44.06, 9.02|
Week’s Top Active
Week’s Top 5 Value Traded
Week’s Top Losers
Week’s Top Gainers
|Cosco Shp Sg||0.440||0.445-0.310||+46.67|
|Cosco Shg Sg||Long||0.440||0.490||0.540||0.395|
Performance of Previous Week
|6-Nov-17||Jiutian Chemical||Long||0.066||0.072||0.062||Target Done|
|6-Nov-17||Allied Tech||Long||0.070||0.076||0.066||Target Done|
|7-Nov-17||Cosco Shg Sg||Long||0.390||0.440||0.365||Target Done|
|8-Nov-17||Falcon Energy||Long||0.086||0.092||0.082||Target Done|
|10-Nov-17||Cosco Shg Sg||Long||0.445||0.485||0.425||Open|
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