TECHNICAL REPORT

ON

G l o b a l R e s e a r c h L i m i t e d

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10th October, 2013

Figure: 1, Period: Daily

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Support 1

Support 2

Support 3

Resistance 1

Resistance 2

Resistance 3

3110

3080

3165

3185

3205

Straits Times Levels

3130

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TECHNICAL VIEW

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£

£ STI opens @3135.72 and then it made day low @ 3132.94 and then it was traded higher side and made day high @

3162.74 and then trading in a narrow range and finally closed @ 3154.84 with gain of 8.34 points up by 0.27%.

£ Volume was 3.507 billion shares worth S$967.6 million. Losers outnumbered gainers 224 to 196.

STI closed o positive node on 2nd consecutive day, above 3150 mark.

MARKET REVIEW

£ Today STI open above its historical support level of 3130 and maintain this level whole day which is good sign.

£ As STI took support at its support levels and now trading in it turning direction, so we can say if it will continue

the trading above 3175 mark which is 38.2% retracement level. So it will be more bullish.

MARKET FORECAST

£ STI having immediate support @ 3130 level and below this level it can take support @3110-3080 will be the support zone for STI.

SUPPORT

£ STI having immediate Resistance @3165 and above this level it may take resistance @ 3185-3205

RESISTANCE

£ Technical indicators MACD, RSI and CCI all are seem to taking support at lower levels and turning from that levels.

Technical indicators

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